The share once again made it onto the Vietnam Sustainability Index (VNSI). VNSI targets standardising sustainable development for listed companies, supporting organisations and individuals in identifying good companies for investment, boosting the sustainable development of the economy, and providing a new tool to foster the development of stock markets and the economy. In the first half of 2020, pro-forma consolidated net revenue, including revenue from sales of goods and rendering of services and transfer of projects was VND4.361 trillion ($189.6 million). The group posted VND1.487 trillion ($64.65 million) in pre-tax profit and VND1.177 trillion ($51.2 million) in net after-tax profit, up 12 and 48 per cent on-year, respectively. Its gross profit margin reached 35 per cent, surging by 8 per cent on-year. As of June 30, the developer’s total asset value increased to VND98.78 trillion ($4.3 billion), up nearly 10 per cent year-to-date. The group has reported high liquidity, attested through current ratio reaching 3.52x, equal to the figure in 2019 and nearly 1.8-fold higher than in 2016-2018. The quick ratio reached 0.8x. In parallel to expanding investment into its land bank in areas with rosy development potential and an upsurge in price in the future, the group has been… Read full this story
Novaland keeps place on Vietnam Sustainability Index have 213 words, post on www.vir.com.vn at August 6, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.