Vingroup announces Q3 growth
Vingroup announces Q3 growth
Vingroup Joint Stock Company (Vingroup) has announced its third quarter net revenue of VND34.6 trillion (US$1.5 billion), an 80 per cent rise compared to the same period last year.
The net revenue accounts for 77 per cent of Vingroup's annual plan, as per its financial report for the first nine months of 2016.
The company's total revenue after tax is VND3.09 trillion ($138 million), more than triple the amount during the same period last year, and slightly higher than the post-tax revenue target for 2016 of VND3 trillion ($134 million).
The accumulated revenue from all of Vingroup's brands, such as Vinhomes, Vincom Retail, Vinpearl, Vinschool and VinMart, has increased by 47 per cent compared to the same period in 2015.
As of end September, Vingroup's total worth has touched VND173.2 trillion ($7.7 billion), a rise of VND27.6 trillion ($1.2 billion) from December 31, 2015, with the owners' equity totalling to VND41.9 trillion ($1.87 billion), up by VND4.3 trillion ($192.4 million).
Five of Vingroup's brands are in Việt Nam's top 50 most valuable brands list, as per British business valuation consultancy Brand Finance. This includes Vinhomes, which ranks the fifth most valued domestic brand.
