Nam Long (HOSE: NLG) voted among “Vietnam’s 50 best performing companies’adminnamlong
With a stable annual growth, 2018 financial results surpassed the plan by 24% and a net profit of VND 763 billion, which means 43% increase despite the challenges of real estate market, Nam Long Group was honoured in the reputable list of “Vietnam’s 50 Best Performing Companies in 2018”.
The list of Vietnam’s 50 best-performing companies is an annual ranking organized by the Nhip Cau Dau Tu (Investment Bridge) magazine and Thien Viet Joint Stock Company in Ho Chi Minh City in consultation with economic experts from Harvard and reference from Bloomberg Businessweek, Fortune, Forbes global rankings. The ranking is based on the company performance in 3 consecutive years and 3 growth indicators i.e. Revenue, Return on Equity (ROE) and earning per share (EPS).
In 2018, after a series of successful launch, Nam Long recorded a 25% increase in sales revenue, at VND 5.156 billion, 11% increase in revenue at VND 3.480 billion. Net profit of parent’s company increased by 43% to VND 763 billion. Annual revenue exceeded 24% compared to the plan. Accelerating in 2019, the Group has recorded a net revenue of VND 332 billion and profit of VND 145 billion, which equivalent to 358% growth in Q1.
Besides, realizing the vision of 2020 to become the Top 3 leading township developer, in the second half of 2019, Nam Long announced its approved township development strategy, marketing expansion and sales plan in 2019. Specifically, Nam Long will add more than 200-hectare of new clean land fund at Waterfront township (170 hectare in Long Hung, Dong Nai), Nam Long Dai Phuoc (45 hectare in Nhon Trach, Dong Nai) and Nam Long Hai Phong (21 hectare in Thuy Nguyen, Hai Phong). This is considered an outstanding growth rate of Nam Long’s with new land fund added in short period of time equivalent to 50% of the total land fund developed in the past 15 years. Currently, the total of NLG’s clean land fund in Ho Chi Minh City, Long An, Dong Nai, Can Tho and Hai Phong are 650 hectares which is the second biggest land fund for township development in Vietnam market.
According to 2019 plan, Nam Long set sales revenue target at VND 7.900 billion, net revenue at VND 3.485 billion, excluding the revenue from joint venture with Japanese partners due to the nature of partnership strategy. Net profit in 2019 is projected at VND 956 billion, up 26% compared to 2018, and up to VND 1,100 billion by 2020. Accordingly, Nam Long’s plans for the Q3 and Q4/2019 include the sales opening of Akari City (district Binh Tan), Waterpoint (Long An), Phase 2 Mizuki Park, and the delivery of Valora townhouses and villas, Flora Mizuki apartments (part of Mizuki Nguyen Son townshop in district Binh Chanh) and Flora Novia apartment (district Thu Duc).
In addition, thanks to the efforts made to ensure sustainable growth, Nam Long is continuously nominated on many other prestigious rankings: Top 50 Vietnamese Brands (by Brand Finance), Vietnam’s Top 50 listed companies, Top 50 Vietnam Best Growth, Top 10 Prestige Real Estate Investors in 2019, Top 500 Enterprises in Vietnam 2019, Top 500 fastest growing enterprises in Vietnam in 2019, Best brand 2019…
(Source: Nam Long Group (Hose: NLG))