FLC targets over US$47.71 million in pre-tax profit in 2021
FLC targets over US$47.71 million in pre-tax profit in 2021
FLC Group Joint Stock Company expects to achieve more than VND1.1 trillion (US$47.71 million) in pre-tax profit, and over VND15 trillion in consolidated revenue this year, the group has said.
The enterprise will organise a shareholders’ meeting on April 12, during which it will seek shareholders’ approval to develop and roll out nearly 20 realty projects nationwide.
Outstanding urban property projects include FLC Premier Parc (Ha Noi), FLC Tropical Halong (Quang Ninh), FLC Legacy Kontum (Kon Tum), FLC La Vista Sadec (Dong Thap), and FLC Hilltop Gialai (Gia Lai).
Regarding resort property, FLC will carry out the second phases of FLC Quang Binh and FLC Vinh Phuc, and FLC Ha Giang eco-tourism resort.
The group is planning to add nearly VND5 trillion to its charter capital for development of property projects.
Last year, the group recorded VND13.5 trillion in consolidated revenue, before-tax profit of over VND421 billion, and after-tax profit of nearly VND308 billion.
In the second half of 2020, FLC completed the construction of FLC Grand Hotel Quy Nhon and FLC Sea Tower Quy Nhon.
FLC’s stocks were allowed with margin trading again in March. Meanwhile, Bamboo Airways, owned by FLC, is planning to list its shares on the stock exchange in the third quarter of 2021.
