Everland Group Achieves VND 1,192 Billion in Revenue for 2024, Continues to Advance Key Projects
Everland Group Joint Stock Company (stock code: EVG) has recently announced its business results for 2024. According to the consolidated financial report for the fourth quarter of 2024, the company recorded net revenue exceeding VND 230 billion, marking a 4.5% increase compared to the same period last year. Profit after corporate income tax reached VND 5.97 billion, nearly a 70% rise year-on-year.​

For the entire year, Everland achieved total revenue of VND 1,192 billion and post-tax profit of over VND 43 billion. Although these figures fall short of the initial targets of VND 1,250 billion in revenue and VND 94.5 billion in profit, they represent a positive growth trajectory amidst a challenging market environment.​

The financial report also indicates that Everland currently has no overdue debts or outstanding bond liabilities. As of December 31, 2024, the company's total assets exceeded VND 4,900 billion, reflecting a 36% increase from the beginning of the year.​

Notably, the amount of customer prepayments surged from VND 204 billion at the start of the period to over VND 650 billion by year-end. This significant rise is primarily attributed to customers who have signed purchase contracts for apartments in the Crystal Holidays Harbour Van Don project, located at Lot M1, Ao Tien High-Class Tourism Urban Area and Port, Ha Long Commune, Van Don District, Quang Ninh Province. As of December 31, 2024, the total value of signed apartment purchase contracts for this project amounted to VND 1,454 billion.​

This trend reflects growing customer confidence and robust sales performance for Everland's products, even as the real estate market remains subdued.​

In its efforts to meet the 2024 business plan, Everland has actively advanced key projects. Prominent among these is the Crystal Holidays Harbour Van Don project in Quang Ninh, with an investment scale exceeding VND 5,500 billion. Other significant projects include the Xuan Dai Bay complex in Phu Yen and the Ly Son project in Quang Ngai.​

Additionally, Everland plans to participate in developing a component project on plot HH5 within the Bac An Khanh Urban Area in Hanoi. The Group and its subsidiaries are also promoting investments in urban projects across Dong Thap, Dong Nai, Hai Phong, and Vinh Phuc. This strategy underscores Everland's commitment to concurrently developing both resort real estate and residential urban real estate segments in the coming years.​

Previously, EVG has been recognized for supplying materials and completing major projects such as the Samsung Electronics Factory Office in Thai Nguyen Province; Lotte Center Hanoi on Dao Tan Street, Ba Dinh District, Hanoi; Terminal T2 at Noi Bai International Airport, Hanoi; Vietcombank Headquarters at Vietcombank Tower, No. 5 Me Linh Square, Ben Nghe Ward, District 1, Ho Chi Minh City; and the Sunsquare Building on Le Duc Tho Street, Hanoi.​

Furthermore, beyond real estate development, Everland's subsidiaries are engaged in tourism and hospitality services. This approach leverages the company's strengths in resort development nationwide, aiming to deliver sustainable added value to its resort real estate products.​

Source: CafeF.vn

Date post: 17/01/2025
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