Cen Land sets a new revenue record, growing 164%
In the context of the Covid-19 epidemic having a heavy impact on the economy, Cen Land has made great efforts to overcome and adapt to the new circumstances, announcing many business activities that have grown well and exceeded the annual plan.
Outstanding business results
Century Real Estate Joint Stock Company (Cen Land, Hose: CRE) has just announced its consolidated financial statements for 2021 with outstanding business results. Accordingly, Cen Land recorded business results in 2021 with full-year net revenue of VND 5,597.58 billion (up 164.3% compared to 2020), reaching 112% of the set plan. According to Cen Land, this is the highest result since the company’s establishment and is the leader among real estate service companies in Vietnam.
Profit after corporate income tax also recorded a new record of 450.5 billion VND (up more than 50% compared to 2020), completing 110.4% of the whole year plan. Profit after tax of parent company reached 457.98 billion dong. Basic earnings per share reached 3,670 VND.
Total assets also recorded a stronger growth of 64% to 6,270 billion in the context that the company is promoting secondary investment activities. In addition to sales activities for more than 100 real estate projects across the country with a total transaction value of more than 48,000 billion VND, Cen Land also expands investment activities in new projects such as: Louis City Hoang Mai, Hinode Royal Park, C-Sky View, Trinity Tower, hotel and service project along the southeast coast of Tuan Chau Island, …. In addition, Cen Land has signed with many other partners to become the strategic distributor of the project, such as Happy One – Central, Green Villas Urban Area, Kien Hung Luxury, Sapa Jade Hill, King Garden Resort & Villas,…
Marking an important milestone in cooperation with reputable investors, Cen Land and IPA Investment Group Joint Stock Company officially signed a comprehensive strategic cooperation agreement. Accordingly, the two sides will cooperate in the following areas: cooperation, synergizing the investment capacity and financial strength of the two sides to create quality products for the investment market and real estate services; cooperation and sharing of corporate governance experiences in the digital age; cooperation programs on human resource development and corporate culture development between the two sides.
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| On December 9, 2021, Cen Land and IPA Investment Group Joint Stock Company signed a comprehensive strategic cooperation |
Recognizing the successes in 2021, Cen Land has won many great awards: Top 10 typical enterprises with happy human resources; Top 50 most effective business companies in Vietnam; Top 5 technology units that best support the real estate transaction market in 2021; Top 10 prestigious Vietnamese real estate brokerage and consulting companies in 2021; Top 10 best real estate trading floors in 2021; Top 100 Vietnamese Gold Stars in 2021;…
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| Mr. Lam Van Huynh – Deputy General Director of Cen Land received the award “Top 10 best real estate trading floors in 2021” |
Expect revenue to hit 10,000 billion on the 20th anniversary
According to a representative of Cen Land’s management, in the spirit of celebrating the company’s 20th anniversary, Cen Land continues to invest in expanding the ecosystem and restructuring the system to create a solid foundation for sustainable development. sustainable development of Cen Land in the next period, continuing to carry out the mission of realizing dreams for investors, partners and customers.
At the recent extraordinary General Meeting of Shareholders, Chairman of the Board of Directors of Cen Land, Mr. Nguyen Trung Vu, revealed that Cen Land has shaken hands with big investors such as Hong Lam Xuan Thanh, Vinhomes, Novaland, VFI Group,… promises an abundant source of goods and finance for the 2022 plan, meeting the market’s demand and is expected to explode in 2022. The revenue in 2022 may reach over 10,000 billion and may reach the billion-dollar mark in 2023. .
“Even when the real estate market “freezes” with no transactions, Cen Land will not face any difficulties, because the company has carefully prepared, “said Chairman of the Board of Directors of Cen Land.
Determined to realize the 2022 goal, strong solutions were given by Cen Land’s leadership at the beginning of the year for issues of: Finance, human resources, training and technology development,…
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| In early 2022, Cen Land signed a strategic cooperation agreement with Vinahud |
Right after the signing ceremony of strategic cooperation with Vinahud, Cen Land added to its cart 3 projects: Vien Nam ecological and entertainment urban area (Ky Son, Hoa Binh), Parahills project (Cao Phong) , Hoa Binh) and Tien Phong Flower Village project (Me Linh). The projects are expected to be delivered in the second and third quarters of 2022.
In the investment segment, Cen Land promotes the search for quality projects and improves the capacity of the investment department to promote secondary investment activities. Increasing the financial health of the company, Cen Land strengthens cooperation with financial institutions and institutions as well as a large number of domestic and foreign investors.
The Board of Directors of Cen Land has just approved the details of the capital increase issuance plan and the application file for additional shares to the public to raise more capital for investment and development and increase the charter capital to 4,636. Billion. Accordingly, shareholders owning every 100 CRE shares will receive an additional 30 bonus shares and buy new shares at the rate of 1 existing share will be able to buy 1 new share at a preferential price of 10,000 VND/share. much lower than the current market price.
With a plan to maintain high growth, Cen Land is aiming to make CRE a blue chip with a market capitalization of tens of trillions of dong.
Doan Phong
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here
