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HVC Investment and Technology Joint Stock Company (HVH stock code) has just decided to adjust the business plan in 2018 with the combined revenue and profit after tax increased by 98% and 233% respectively. In 2017, the previously announced plan at shareholder meeting in March recorded at 30% and 65% respectively.
Adjusted revenue is 489 billion, raise 52.8%; The adjusted after-tax profit is VND 50 billion, raise 95.31% compared to the plan at the 2018 annual shareholder meeting. Specifically as follows:
|
Category |
Planned value of 2018 (dong) |
Adjusted plan for 2018 (dong) |
Percentage of difference (%) |
|
Revenue |
320.000.000.000 |
489.000.000.000 |
52,8% |
|
Total cost |
288.000.000.000 |
426.500.000.000 |
48,09% |
|
Net profit |
32.000.000.000 |
62.500.000.000 |
95,31% |
|
After tax profit |
25.600.000.000 |
50.000.000.000 |
95,31% |
|
EPS |
1.280 |
2.500 |
95,31% |
Previously, HVC Group announced the business results for the first 9 months of the year as VND 312.6 billion in revenue and VND 33,865 billion in after-tax profit. Thus, after 9 months, HVC has completed 97.69% of revenue target and exceeded 35% of profit target.
The financial indicators of HVC Group increased strongly mainly because the company signed many big contracts with investors of Vingroup, Muong Thanh and Sungroup; At the same time, putting Hung Yen HVC plant into operation has helped HVC save a lot of costs in the operation.
“The adjustment of the above-mentioned positive indicators is a great effort of the leaders and employees of HVC Group in a challenging competitive context, while also demonstrating the transparency of HVC Group to shareholders "- Mr. Le Van Cuong, Deputy General Director of HVC Group added.
Regarding the general contractor of high-class entertainment area: HVC is the leading company and holds over 70% market share of this industry. Fields of HVC Group are pioneering positions such as water park general contractor, general ice skating complex contractor, ocean aquarium general contractor ...
An water park project whose general contractor is HVC in Ha Tinh province
In addition, M&E segment has just entered the market for less than 2 years but has already received the trust of investors, HVC have gradually affirmed their prestige and top quality in the M&E field in Vietnam market through a series of big projects from North - Central - South with typical projects of HVC such as: Vinhomes Riverside, Vinmart - Vincom Ha Tinh, Vinhome The Harmony, Vinpearl Cua Sot, Vinhomes Golden River, Vinpearl Nam Hoi An; Vinhome Sky Lake, Vimcom Lang Son, Vincom Quang Binh, and Vincom Shophouse Ca Mau; Vinhomes Imperia Hai Phong, ... From being a one-part, one category contractor, up to now, HVC Group has been assigned by the investor to be the general contractor to supply M&E equipment and construction for many big projects such as: Vinschool inter-school Ha Long, Office Building Complex Project and Trade Center for Van Phuc Traditional Craft Village, Vinschool Ha Long, ....
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