Dat Xanh Group (DXG) announced its consolidated financial statement for Q3 2017, in which both revenue and profit after tax have a strong growth over the same period.
Specifically, net revenue in Q3 2017 increased 241% made it nearly reached 797 billion. Cumulative net revenue in the first 9 months of 2017 was VND 1,676 billion, an increase of 27% yoy. The Group's strong growth in business performance primarily thanks to its services providing with more than 9,522 products provided to the market.
The parent company's consolidated profit after tax for in Q3 2017 is VND 256 billion and VND 459 billion for the first 9 months of 2017, up by 219% over the same period yoy and fulfilling 66% of the plan approved by the General Meeting of Shareholders in which profit target was expected to be 700 billion.
In the first nine months of 2017, most of DXG's activities had a positive note with a number of projects being implemented successfully namely Luxgarden; Marina Tower; Green Town; Gateway; 360 Liberation; Hateco Tower; Phu My An; Hoang Long; Nam Song Cai. The Opal Riverside project is expected to be handed over in Q4 2017 as committed to customers.
As of Sep 30 2017, the Group's total assets reached VND 9,620 billion, an increase of 73% compared to the beginning of 2017; in which cash and cash equivalents increased from VND1,818 billion to VND1,946 billion at the end of Q3 2017, which is enough to allow the company to execute 2-3 more projects with a scale from 5 ha in the final months of 2017.
Dat Xanh Group