According to the consolidated financial Report of Q1/2017, Dat Xanh Real Estate Service And Construction Corporation (HOSE:
DXG) achieved over 586 billion dongs of revenue, increasing 186% year on year. The consolidated post-tax profit of the Group increased 515%, reaching 151 billion dongs, equivalent to EPS of Q1/2017 as 599 dongs/stock.
Lux Garden – One of the most attractive projects of the Southern Saigon by Dat Xanh Group
Business performance in Q1, 2017 was generally satisfactory as the company's core activities saw a strong year on year growth, the real estate investment reached 314 billion, increasing by 158%; Real estate brokerage services reached 240 billion dongs, an increase of 275%. DXG business' positiveness and possibility are reflected in the successful launch of DXG's Luxgarden (District 7), with more than 200 products sold. Up to March 31, 2017, more than 2,308 products were distributed via the DXG system, an increase of 12% YoY
DXG’S REVENUE STRUCTURE IN Q1/2017
In Q12017, the Board of Directors of DXG passed the deal of cooperation in the investment and acquisition of 02 projects: 1 / Acquisition of 2.5 ha project in Hiep Binh Chanh Ward, Thu Duc District, HCMC. 2 / Co-Investment at Saigon Res Riverside project, with a project scale of 6.7 ha, total investment of 950 billion, of which DXG paid in 712,5 billion, accounted for 75% of investment in the project to raise DXG’s total of land fund up to 467 hectares.
Total capital of DXG as of March 31, 2017 was more than 6,277 billion dongs, an increase of 10% over the beginning point of the period, 1,594 billion dongs of which in cash, accounting for 26% of total DXG assets.