Earning big profit right from the first quarter, Dat Xanh Mien Trung Group achieved consolidated profit before tax of 170 billion

Thứ hai, 20/05/2019

After the preparatory step in 2018, the business results of Dat Xanh Mien Trung broke out and started the growth cycle of 2019 from the shophouse projects of Lakeside Palace, Lakeside Infinity and the land products of Dragon Smart City project. In the first 4 months of the year, Dat Xanh Mien Trung recorded consolidated profit before tax with an estimated value of about VND 170 billion on the target of VND 800 billion for the whole year 2019.

Lakeside Palace, now has a complete legal certificate of the land use right for each unit

According to the annual business results report for the first 4 months of 2019, Dat Xanh Mien Trung gained consolidated profit before tax of VND 170 billion, completing 21% of the profit plan of 2019, increasing 398% compared to the same period of 2018. Previously, 2018 was an impressive successful business year of Dat Xanh Mien Trung Corporation with consolidated pre-tax profit of up to 760 billion VND with 2,500 products under transactions.

According to the declaration, the total investment capital for 2019 is expected to be over VND 10,000 billion with the goal of earning 800 billion profit before tax. To achieve this performance, Dat Xanh Mien Trung Corporation set a goal of completing 8,000 consolidated products for the entire system of member companies including Dat Xanh Danang, Dat Xanh Mien Trung Emerald, Dat Xanh Nam Mien Trung and Dat Xanh Bac Mien Trung. The parent company separately accounted for 5,000 products in the markets of Quang Binh, Hue, Quang Nam, Quang Ngai and Phu Yen provinces with a total land fun of up to 300ha. Real estate products include high-rise and low-rise pre-built luxury building, commercial real estate. The model urban areas with more than 5,000 low-rise and high-rise housing products were developed with total area of 2 , 4 million m2 of floor. At the same time, Dat Xanh Mien Trung will also focus on developing more large-scale urban land funds to serve the development strategy in the future.

La Maison Premium - One of the "strategic chess pieces" launched by Dat Xanh Mien Trung in Phu Yen market, in the future will become the commercial center of the coastal city of Tuy Hoa

In addition to Lakeside Palace, Lakeside Infinity and Dragon Smart City, projects expected by Dat Xanh Mien Trung to continue to providing revenue and profit growth in 2019 are La Maison Premium Phu Yen, shophouse projects in Quang Nam such as One World, Tropical Palm and Residential Area Project in the north Quang Ngai City. Currently, these projects have progressed to ensure the planned progress. Accordingly, La Maison Premium Phu Yen will be started in early June 2019. This is the largest commercial townhouse project in Tuy Hoa city, built on the front of Hung Vuong avenue with 4.1 hectares and a total investment of 1,000 billion.

Sharing more about the investment orientation and development of urban areas, Mr. Tran Ngoc Thanh - CEO of Dat Xanh Mien Trung said: “The biggest difference of Dat Xanh Mien Trung is that parallel with the sale of real estate products, this business also focuses on developing accompanying services. We will not follow the direction of selling real estate products and "ignore" investors but determine comprehensive, long-term cooperation and closed service. Here, Dat Xanh Mien Trung provides solutions for investors from the best management and operation services by international operators, services such as 24/7 security, development of high-class commercial chain in F&B and fashion .... In summary, making decision to invest in urban projects of Dat Xanh Mien Trung, investors can be assured of a development and operation cycle combined with closed ecosystem with complete internal facilities.”

One River Project - a million-dollar project in the south Danang is currently the most advanced product by Dat Xanh Mien Trung as the project developer

In addition, to commit to bring the best products from functional design, materials spec, furniture to the smallest details in the development strategy of luxury housing, Dat Xanh Mien Trung is promoting to sign a strategicagreements with brands of high-class materials and furniture from countries such as France, USA, Germany and Italy for projects that this business is investing and developing in compliance with the initial commitment of Dat Xanh Mien Trung for partners and customers.

According to the plan, this enterprise is advocating to gradually change the asset management service to a member company named Smart Property, in order to establish an optimal, simple, scientific, coherent and brief the work process, improving business performance. Thus, along with the establishment of the Smart Property management company, Dat Xanh Mien Trung officially operates all 4 areas: Research, product development, distribution and management - operation. In order to achieve the goal of reaching VND 800 billion in 2019, Dat Xanh Mien Trung has been progressing as one of the reputable investors and project developer in Southeast Asia.