NoVaLand Funding Group Company (NVL) not too long ago introduced it achieved complete consolidated revenues of practically VND15 trillion and consolidated internet income after tax of VND3.5 trillion in fiscal 12 months 2021.
Complete consolidated revenues, which embody revenues from gross sales of products and companies rendered, elevated by 186 per cent from 2020.
Income from gross sales was VND13.5 trillion, up 264 per cent, contributed by initiatives handed over equivalent to NovaHills Mui Ne, Saigon Royal, Aqua Metropolis, NovaWorld Phan Thiet, NovaWorld Ho Tram, and Victoria Village, whereas earnings from companies and others had been VND1,457 billion.
As of December thirty first the corporate’s complete property had been value VND201.5 trillion, up 39.4 per cent for the 12 months. Inventories had been value practically VND110 trillion, up 26.4 per cent, principally from the enlargement of initiatives equivalent to Aqua Metropolis, NovaWorld Phan Thiet, NovaWorld Ho Tram and sale of recent initiatives.
Some 92.5 per cent of the whole inventories (equal to VND101.5 trillion) comprised of land plots and challenge growth prices, the remaining being completed works and actual property merchandise and merchandise on handover.
Money and money equivalents and deposits at banks had been value VND17.2 trillion, up 49.2 per cent.
The corporate’s complete loans and monetary leasing had been value VND60.5 trillion, with long-term loans and monetary leasing liabilities accounting for 68.5 per cent.
Additionally in 2021 the corporate efficiently issued US$300 million value of worldwide convertible bonds with the participation of many reputed world monetary establishments and listed them on the Singapore Inventory Alternate.
The issuance attracted nice curiosity from buyers with the order guide subscribed 2.5 instances the preliminary dimension.
By the fourth quarter the corporate made principal and curiosity reimbursement of practically VND29.9 trillion for matured money owed and mortgage prepayment from obtainable money and money flows from gross sales.
The entire disbursement by the final quarter of 2021 was VND36 trillion.
When it comes to product introduction, within the final quarter of 2021 the corporate actively promoted its gross sales technique and acquired robust assist out there because the Covid-19 pandemic was introduced below higher management.
On November 6 the Novaland Gallery opened at 2Bis Nguyen Thi Minh Khai, District 1, Ho Chi Minh Metropolis, a platform for experiencing NovaGroup actual property and utility companies ecosystem. Presales efficiency within the interval elevated by 97.4 per cent year-on-year consequently, with the worth of complete contracts topping VND28.4 trillion.
In mid-December The Kingdom was launched at NovaWorld Phan Thiet. Centrally positioned, The Kingdom part is considered the ‘coronary heart’ of the challenge and is instantly linked with many important roads equivalent to Stroll of Fame, Central Highway and the Bikini Boulevard coastal route.
Oriented to the worldwide part, apart from having a restricted variety of villas, additionally it is designed with top-class services. The highlights are F.E.C (Household Leisure Middle), a high-class leisure space sprawling over greater than 30,000 m2; Enviornment Middle with a capability of 10,000 folks; and a 1,000-seat artwork theatre.
In November and December Novaland acquired a lot of awards.
Novaland Group, a number one property developer in Viet Nam with a pedigree of over 30 years, is at present growing practically 50 residential and hospitality actual property initiatives, together with flats, villas, store homes, office-tel 24/24, second houses, and branded resort villas.
Novaland continues to implement Part 2 of enterprise technique, specializing in the core enterprise of actual property in mid-to-high phase.
It has amassed land plots of practically 10,600 hectares for growing three core product strains: residential actual property within the centre of HCM Metropolis and places close to town equivalent to Dong Nai, hospitality actual property in provinces with tourism potential, and industrial actual property.
Novaland Group is listed on the HCM Inventory Alternate and finds a spot within the VN30 group.
As of December 31 Novaland’s market capitalisation was roughly VND175 trillion ($7.6 billion).