Accelerating the development of land fund, Van Phu – Invest’s inventory increased sharply

Van Phu – Invest Investment Joint Stock Company (stock code: VPI) has announced its business results for the first quarter of 2022 with net revenue at VND 696.8 billion, up 416% over the same period in 2021 thanks to revenue from projects The Terra – An Hung, Grandeur Palace – Giang Vo, and Oakwood Residence Hanoi. The net profit value of the enterprise reached nearly 200 billion dong, the profit after corporate income tax reached 64.6 billion dong.

With this result, the enterprise has fulfilled 14.8% of the total profit plan for the whole year approved by shareholders attending the 2022 Annual General Meeting of Shareholders.

In terms of asset size, VPI’s total assets reached VND 10,142.3 billion as of March 31, 2022, an increase of 3.12% compared to the beginning of the year.

The value of short-term receivables from customers stood at 348.1 billion VND, down 8.52%. Inventory value was at VND 4,052.1 billion, up 18.8% and concentrated in projects in Bac Giang, Ho Chi Minh, Thanh Hoa, Hanoi, Hai Phong, Can Tho…

Regarding the investment and construction plan in 2022, business leaders said that they will focus on implementing and starting a number of projects including housing construction, mixed-use commercial housing in subdivision 2, Southern urban area, Dinh Ke ward, Bac Giang city – 3rd quarter of 2022; The urban area project in Thuy Nguyen – Hai Phong will continue to complete the legal process and is expected to start construction in the third quarter of 2022; Loc Binh – Thua Thien Hue project has completed the adjustment of investment policy, is expected to deploy the construction of the framework infrastructure in the fourth quarter of 2022.

In the standard segment of VPI, the Vlasta – Sam Son project with a scale of nearly 29 hectares, including 595 villas, garden houses, townhouses and commercial services is expected to start business in May 2022. With a central location in the southern coastal area of ​​Thanh Hoa province, the project is expected to welcome the wave of infrastructure development and tourism investment here and bring in about VND 1,700 billion in revenue in the second half. year 2022.

Implementing the development strategy, the company is promoting site clearance and legal completion of projects to be able to carry out construction such as Con Khuong – Can Tho urban area project, Grandeur Palace project Pham Hung – Hanoi, the project of the Southwest Bac Giang Urban Area… these are all projects in the central location and with high potential. Simultaneously, VPI is also actively implementing M&A and auctions to get clean land funds in central areas and coastal urban areas, which are the driving force for the strong development of VPI in the coming years.

Ha My

Following Economic Life

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