In the second quarter of 2018, CEO Group continued its steady and sustainable growth


CEO Group has just finished the second quarter of 2018 with many notable highlights, showing steady and sustainable growth of this business.

C.E.O Corporation (CEO Group, HNX: CEO) has just released its consolidated financial statement for the second quarter of 2018. The first notable feature in the report is that the sales and profits of the past quarter of CEO Group have good growth and sustainability.

Business activities in Phu Quoc Corporation CEO continued growth momentum.

Business activities in Phu Quoc Corporation CEO continued growth momentum.

Healthy financial structure, optimistic growth numbers

Specifically, the consolidated financial statements of the CEO showed that the end of Q2 / 2018, revenue and profit continued to grow well over the same period of 2017. Specifically, revenue reached 596,579 billion, up nearly 45% and profit after tax reached VND92,243 billion, up 35% over the same period in 2017.

The growth rate of sales and profitability of CEO Group is mainly due to increased sales and service supply. In particular, revenue from real estate business is over 434 billion (up nearly 30%); Revenue from services was over VND133 billion (+ 34% y / y) and sales came to VND29 billion (+ 113% y / y) from the same period of 2017. Total assets as at 30 June 2018 reached over VND7,408 billion, up 31% compared with the time of January 1,

In terms of cash flow, CEO Group’s financial statement for the second quarter of 2018 continued to record positive developments. Last quarter, the net cash flow from business activities of CEO Group reached 1.085 billion, significantly improved compared to Q1 / 2018 (VND392 billion).

This has helped Group CEO significantly reduce reliance on financial cash flow, mainly cash flow from borrowing (net cash flow from financial activities of Q2 / 1818 Group CEO is VND23.5 billion, although increased compared with VND15.9 billion in Q2 / 2017 but still a modest figure). On the other hand, this positive cash flow also facilitated the Group CEO to accumulate a safe deposit amount for subsequent investment activities.

The financial structure of CEO Group is considered healthy with stable capital with low debt ratio. This is also the difference of the CEO compared to many enterprises in the industry, often rely too much on debt to finance the expansion phase, resulting in imbalance, put the financial index at risk.

The equity of the CEO Group is over VND30,328 billion. Total debt is at VND5.080 billion. The ratio of total liabilities to equity of CEO Group is considered to be a safe ratio for real estate firms.

In terms of debt, total debt (both short-term and long-term loans) of CEO Group ended June 30, 2018 at VND1,473 billion, equal to two thirds of equity (VND2,328 billion) . This is a low rate when compared to most real estate firms, which use a lot of loan capital for project development, Especially companies are in the stage of aggressive investment expansion as CEO Group.

Best Western Premier Son La Phu Quoc

Best Western Premier Son La Phu Quoc is attracting the attention of investors.

Factors to ensure stable growth and sustainable investment

In Phu Quoc, the real estate business as well as hotel services at Novotel Phu Quoc Resort and Novotel Villas continued impressive growth momentum, making great contribution to the business results of the first quarter and second quarter of the CEO Group. .

The group is expected to complete and deliver the products under the Best Western Premier Sonata Phu Quoc project as agreed at the end of Q4 / 2018. Currently, the investor is together with the construction contractor Hoa Binh Group to expeditiously accelerate the progress of the completion of the completed items at the US 5-star resort project located in the complex resort tourism Sonasea Villas & Resort located in Bai Truong, Duong To Commune, Phu Quoc Island.

This is the first project of the CEO Group condotel products are launched to the market and received very positive. In addition, this project has 16 luxury villas The Grand 16 for high-end investors is expected to open officially in the short term.

In addition, in the Northern market, the CEO Group will continue to launch hundreds of products under the second phase of River Silk City (Ha Nam) and Sunny Garden City (Quoc Oai, Hanoi)  in the quater III and IV / 2018.

In the second quarter of 2018, the CEO Group was approved by the People’s Committee of Quang Ninh Province with the detailed plan of 1/500 scale of Sonasea Van Don Harbor City Resort.

Expected in the third quarter and fourth quarter of 2018, the Group will focus on deployment of the first item – Sonasea Van Don Complex. This is the first resort resort in the world to be operated by the prestigious Accor Hotels Group under the “Three 1 Star to 5 Star” model, including Pullman, Novotel Suites and Ibis Style. . CEO Group has also signed a contract with Coteccons, the leading construction company in Vietnam, to be the general contractor for construction of the project.

In July, the CEO Group further announced the establishment of a new subsidiary, Southern Investment and Development Corporation, marking the Group’s interest in the domain market. This much potential.

CEO Group continues to show solid and feasible basis for this corporation to reach its revenue target of VND2,200 billion, consolidated net profit of VND370 billion set at the General Meeting of Shareholders held in March this year.

You are reading the article In the second quarter of 2018, CEO Group continued its steady and sustainable growth in the Real Estate category at https://realestatevietnam.com.vn/. Any information sharing, feedback please contact through Hotline (+84) 898 898 688 (24/7) or email to contact.vietnamrealestate@gmail.com.
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