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By the end of 2018, billionaire Pham Nhat Vuong poured money into Vinfast?



Thursday 31 January 2019 16:05 (GMT + 7)

Vingroup has recently announced its business results for Q4 / 2018 with positive numbers.

Vingroup joint-stock company just announced the fourth quarter of 2018 financial statements with positive results. Specifically, during this period, Vingroup achieved revenue of 38.427 billion GNI, an increase of 19.7% compared to the same period in 2017. Profit before tax was 4.989 billion GNI, an increase of 19.2%.

Regarding the net income structure in the fourth quarter: real estate transfers amounted to GRD 26 539 billion (68%); retail and supermarkets reached 6.575 billion GNI (16%); revenue from tourism reached 1.285 billion GNI; rest of education, hospitals and other services.

Vingroup's financial revenues rose sharply from $ 114bn to $ 3,846bn in the fourth quarter. After deducting finance costs, business management, sales, Vingroup posted a pre-tax profit of 4.989 billion GNL, an increase of 19.2% over the same period in 2017.

By the end of 2018, billionaire Pham Nhat Vuong poured money into Vinfast? - 1

Billionaire Pham Nhat Vuong – Chairman of the Vingroup Group

Accumulated for the full year of 2018, Vingroup's sales were $ 122,575 billion, up 37.2% from the previous year. Net profit amounted to 6,601 billion GNI, up 7.18%.

Total assets as of 31 December 2018 amounted to 289,105 billion GNI, an increase of 35% since the beginning of the year. The value of stocks at the end of the period is 53,206 billion dongs, mainly real estate under construction.

In particular, in explaining the financial statements of unfinished assets, the investment capital of the Vinft project by the end of 2018 amounted to 27.473 billion GNI. Previously, this figure was recorded at the end of the third quarter of 13,603 billion GNI. Thus, in the last three months of 2018, Vingroup billionaire Pham Nhat Vuong poured more on Vinburg VND 13.870 billion.

Group's equity at the end of 2018 amounted to 99,059 billion GNI, up 89% compared to the beginning of the year. Vingroup has still retained earnings of 4,824 billion GNL.

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