Revenue and profit breakthrough

According to the consolidated financial statements for 2021, EVG reached a total revenue of VND 968.37 billion, profit before tax of VND 29.78 billion, total assets of VND 2,030 billion, and owner's equity of VND 1,566 billion. All of the above indicators show significant growth when compared to 2020.

Following that success, at Everland Group's 2022 Annual General Meeting of Shareholders, shareholders approved the 2022 Business Plan with ambitious targets: total consolidated revenue of VND 2,200 billion, total assets of VND 4,200 billion, and pre-tax profit of VND 127.9 billion. Revenue and profit targets are set in the context of a strong recovery in the economy and the real estate, construction, tourism, and service industries. All of these industries are associated with Everland's core business areas.

In 2022, EVG is expected to accelerate the implementation of numerous real estate projects in Quang Ninh, Vinh Phuc, Quang Ngai, Phu Yen, Khanh Hoa, and Dong Thap, and start selling products. As a result, a significant portion of real estate revenue will be recorded in the group's revenue structure.

Issuance of VND 900 billion in shares to fund project implementation

To meet the demand for investment capital for real estate projects, EVG's Annual General Meeting of Shareholders also approved a resolution on the increase of a VND 900 billion (equivalent to 90 million shares) in charter capital in the form of a private placement which will be carried out in 2022. The issuance’s proceeds will be used to supplement capital for the ongoing project of Crystal Holidays Harbour Van Don tourism, resort and entertainment complex (Quang Ninh), as well as to increase working capital.

Election of the new Board of Directors and Supervisory Board

The newly elected Board of Directors has five members, according to the election results announced at the General Meeting of Shareholders. There are four re-elected members of the Board of Directors for the 2017- 2002 term, including Mr. Le Dinh Vinh, Mr. Nguyen Thuc Can, Ms. Duong Thi Van Anh, and Mr. Le Dinh Tuan, and one newly elected independent member, Mr. Ngo Viet Hung. At the same time, Mr. Nguyen Ha Nguyen and Ms. Nguyen Minh Hue, members of the Supervisory Board for the 2017-2022 term, were re-elected as members of the Supervisory Board for the 2022-2027 term.

Fast but steady growth

Everland is rapidly expanding as a professional, reputable real estate and tourism ecosystem developer, with urban real estate and tourism projects spanning thousands of hectares across the country.

However, according to the Group's management, Everland will always pursue a sustainable development strategy in 2022 and subsequent years. All investment and business activities are conducted in accordance with the law, ensuring the harmony of interests among investors, the state, and the community; emphasis is placed on preserving and developing traditional cultural and historical values, as well as protecting the environment. In terms of finance, EVG always prioritizes safety and strictly restrains from the misuse of financial leverage or the uncontrolled mobilization of capital. "In comparison to previous years, EVG's strategy will remain unchanged, which is to choose a fast but steady path, prioritize financial and legal safety, and avoid sacrificing everything else for reckless development goals." Mr. Le Dinh Vinh, Chairman of EVG's Board of Directors, confirmed to shareholders./.

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