Vingroup reports doubled sales and tripled profits hinh anh 1Vingroup's Landmark 81. (Photo: Vingroup)

Hanoi (VNA) - Realty developer Vingroup (VIC) has announced consolidated sales of over 15 trillion VND (671 million USD) in the first quarter of this year, a two-fold increase over the same period last year.

The group also reported a gross profit of 4.3 trillion VND and a profit-after-tax of over 1 trillion VND, or a three-fold increase over the same period last year.

Sales from real estate contributed 10.5 trillion VND and sales from retail contributed 2.2 trillion VND, an increase of 146 percent and 363 percent, respectively.

The group said the income from the shopping centre and the leased office accounted for 802 billion VND, up 56 percent. The hotel and tourism business revenue reached 984 billion VND, up 54 percent, education services contributed 172 billion VND, up 45 percent, and hospital service revenue reached 216 billion VND, up 42 percent.

As of March 31, 2016, the total assets of the group reached 150.6 trillion VND, an increase of nearly 5.2 trillion VND. Equity reached 40.7 trillion VND, an increase of nearly 3.2 trillion VND, compared with December 31, 2015.

At present, the group has six projects which are being developed – the Vinhomes Gardenia in Cau Dien ward, the Vinhomes Riverside No. 2 in Long Bien district, the combination Metropolis project on Pham Hung street in Nam Tu Liem district in Hanoi, and the Vinhomes Central Park project in Binh Thanh district in HCM City, as well as the Vinhomes Hai Phong in Hai Phong City and the Vinhomes Dragon Bay in Ha Long City.

The total investment in these projects is 4.85 trillion VND, 4.9 trillion VND, some 4.8 trillion VND, 37.7 trillion VND, 4.9 trillion VND and 12 trillion VND, respectively.

The group is also expected to open some 15 trading centres and launch 19 shophouse projects across the country this year.

In April, Vingroup bagged three important titles at the Real Estate Asia-Pacific Awards in Malaysia -- best urban complex for Vinhomes Central Park, best high-rise buildings for Landmark 81 in HCM City and best landscape design for Vinhomes Times City Park Hill in Hanoi.

On May 5, each VIC share rose 2 percent to reach 52,000 VND on the HCM Stock Exchange.-VNA