Vingroup pre-tax profits up 34 pct

By Minh Son   July 30, 2021 | 06:21 pm PT
Vingroup pre-tax profits up 34 pct
A shopping mall operated by Vincom Retail in Dong Da District, Hanoi. Photo courtesy of Vincom Retail.
Vietnam's biggest private company Vingroup has posted pre-tax profits of VND3.62 trillion ($156 million) in Q2, a year-on-year rise of 34 percent.

Meanwhile, it recorded a net revenue of VND38.45 trillion, according to its consolidated Q2 financial statement.

All main business segments saw growth in revenue, especially the real estate and industrial segments with year-on-year increases of 62 percent and 53 percent respectively.

As of June 30, the conglomerate’s total assets and equity were valued at VND417.88 trillion and VND144.44 trillion, respectively.

Vingroup, has set a revenue target of VND170 trillion ($7.3 billion) for 2021, up 54 percent year-on-year.

It targets post-tax profit of VND4.5 trillion in 2021, approximately the same as last year. It plans to boost its business activities in all its core sectors of technology, industry and services this year.

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