Wed, Apr 29, 2020, 07:01:00

Vinhomes’ Q1 post-tax profit was up 2.7 times year-on-year to VND6.84 trillion ($291 million) apparently thanks to the profitable divestment of a subsidiary.
The company disclosed no details about the transaction. Its financial income tripled to VND8.59 trillion ($365 million).
Sales of housing units rose 11 percent to VND6.52 trillion ($277 million), mostly at the Vinhomes Marina apartment and villa complex in the northern city of Hai Phong.
The company's balance sheet shows a 3 percent rise in asset value to VND203 trillion ($8.6 billion); liabilities at VND130 trillion ($5.5 billion) and VND72 trillion ($3 billion) in equity.
Vinhomes accounts for about half of the revenues of its parent Vingroup, the largest private firm by market capitalization in Vietnam.
