|Vinhomes Times City in Minh Khai Street is one of the attractions in the south east of Ha Noi.— Photo VNS
HA NOI (VNS) — Vingroup has announced a net revenue of VND21.524 trillion (US$1.007 billion) for the first nine months of 2014, an 86 per cent year-on-year increase.
The firm, which is Viet Nam's largest property developer and mall operator, also announced after-tax profit of VND3.4 trillion ($160.8 million) for the first nine months, an increase of 82 per cent year-on-year.
According to the group's representative, most of the revenue was from real estate deals and their services.
In particular, during the third quarter this year, all core businesses of Vinhomes, Vincom Retail and Vinpearl, besides Vinmec contributed significantly to the company's strong revenue growth. The net revenue from the sale of inventory properties was VND6.144 trillion ($288.4 million), accounting for 80 per cent of the quarter's revenue. — VNS