In the first 6 months of 2019, HVC's after-tax profit increased by 37%

HVC Investment and Technology JSC (HoSE: HVH) announces the audited financial statements for the first 6 months of 2019 with impressive revenue and profit growth.

Specifically, compared to the first 6 months of 2018, profit after tax increased by 37%, revenue from financial activities grew 100% (all of which were bank deposit interest).

Selling expenses of the Company decreased by 126% compared to the same period, which also contributed to an increase in profits.

In the field of construction, not using bank loans and optimizing account receivables turnover helps HVC Group ensure financial safety ratio. Besides, being proactive in construction work, HVC Group always ensures the work on schedule and receives high satisfaction from investors.

In Quarter II / 2019 and early Quarter III / 2019, HVC Group signed many more high-value contracts at projects such as: Phu Quoc Water Park (Vinpearl Land Phu Quoc), F1 race, Vinhome Grand Park, Vinhome Ocean Park, Vinhome Smart City ....

Vinhomes Grand Park District 9 (Ho Chi Minh City)

Along with the strong development in the domestic market, HVC Group is also gradually asserting the brand reputation in foreign markets. This new achievement is evidenced by the fact that a number of partners in Japan, Hong Kong, Thailand, etc. have made strategic cooperation proposals with HVC Group in recent years, affirming the brand of general contractor. Number one amusement park in Vietnam.

Up to the present time, HVC Group has completed business targets in the third quarter of 2019 and is on track to early completion of the annual plan set out at the General Meeting of Shareholders in 2019. Also at this meeting, in addition to financial goals, leaders set the goal of becoming Top 5 prestigious electromechanical contractors and continue to lead the entertainment equipment industry (previously, HVC Group was honored in the TOP 10 leading electromechanical contractors of Vietnam in 2018).