Realty firms post unsatisfactory business results in Q1

Six companies operating in the real estate sector have recently announced the business results in the first quarter of this year with unsatisfactory figures in comparison to the same period last year.

Binh Chanh Construction Investment Joint Stock Co (HOSE-BCI) said its revenue at 54 billion dong, falling 32 percent year-on-year and 57 percent fall in after tax profit to reach only 13 billion dong in Q1.

Construction Development Investment Joint Stock Corp (HOSE-DIG) announced its revenue in Q1 at 74 billion dong, down 45 percent y-o-y and after tax profit at 24 billion dong, down 53 percent.

Ending Q1, De Tam Joint Stock Co (HOSE-DTA) reported gaining 11 billion dong revenue, up 2 percent y-o-y, and 899 million dong after tax profit, down 68 percent y-o-y.

Can Nha Mo Uoc (Dream House) Investment Joint Stock Co (HOSE-DRH) said its revenue at four billion dong in Q1, down 86 percent y-o-y, and after tax profit at 583 million dong, falling 75 percent.

Khang An Real Estate Investment Joint Stock Co (HOSE-KAC) announced its Q1 revenue at 15 billion dong and 508 million dong after tax profit, down 45 percent and equaling to 6 percent year-on-year.

Long Giang Urban Development and Investment Joint Stock Co (HOSE-LGL) said its Q1 revenue at 68.8 billion dong and 6.9 billion dong after tax profit, up 62 percent and equaling to 36 percent year-on-year.

Tags: Vietnam Property market, vietnam real estate market