Novaland’s capitalisation value rises to almost 2 billion USD
Property developer Novaland Group now has a capitalisation value of nearly 2 billion USD, making it one of the 10 biggest listed firms on the HCM Stock Exchange in terms of market capitalisation.
Novaland Group's buildings. (Source: topbds.net)HCM City
(VNA) – Property developer Novaland Group now has a capitalisation value of
nearly 2 billion USD, making it one of the 10 biggest listed firms on the Ho
Chi Minh Stock Exchange in terms of market capitalisation.
According to the group’s financial report released on April 21, Novaland earned over 1.9 trillion VND (84 million USD) in net revenues in the first quarter of 2017, up 164 percent from the same period last year, bringing its total asset value to over 37.7 trillion VND (1.66 billion USD). Its net revenues are expected to hit 17.5 trillion VND (772 million USD) in 2017.
Novaland plans to ramp up mergers and acquisitions (M&A) activities this year in strategic projects in Ho Chi Minh City, Can Tho, Da Nang and Ba Ria - Vung Tau.
The group has been developing 40 projects of different kinds such as villas, shop-houses, residential apartments and commercial buildings. Nine of them have been completed while ten others will be finished this year.-VNA
According to the group’s financial report released on April 21, Novaland earned over 1.9 trillion VND (84 million USD) in net revenues in the first quarter of 2017, up 164 percent from the same period last year, bringing its total asset value to over 37.7 trillion VND (1.66 billion USD). Its net revenues are expected to hit 17.5 trillion VND (772 million USD) in 2017.
Novaland plans to ramp up mergers and acquisitions (M&A) activities this year in strategic projects in Ho Chi Minh City, Can Tho, Da Nang and Ba Ria - Vung Tau.
The group has been developing 40 projects of different kinds such as villas, shop-houses, residential apartments and commercial buildings. Nine of them have been completed while ten others will be finished this year.-VNA
You should also see
Cuban leaders appreciate Vietnam’s support, call for more investment
Deputy Prime Minister Tran Luu Quang had a meeting with First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Diaz-Canel in Havana on April 15.
See more
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Garment & textile sector tries to keep growth momentum
The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
