Impressive revenue and profit growth, Dat XanhGroup (stock code: DXG) excellently won the 76th in the Profit 500 list - Top 500 Most Profitable Businesses in Vietnam 2017.
Breakthrough from a distinctive competitive strategy
November 23, 2017 - Hanoi, Vietnam, Vietnam Report honored the enterprises of Profit500 - Top 500 Most Profitable Businesses in Vietnam 2017.
Companies honored in the Profit500 2017 are prominent enterprises that achieved outstanding results with high profitability. They are evaluated based on the following criteria: Profitability index (ROA, ROE, ROR); profit before tax; reported revenue and profit for the first three quarters of 2017 and expressed optimism about the prospects of increasing sales and profitability in the next 12 months. In addition, the criteria also include a company's credibility, employment and business prospects, etc.
Following a rigorous, transparent and professional evaluation process, the Vietnam Report Organizing Committee announced and honored 500 of Vietnam's Most Profitable Companies in 2017. Dat Xanh was ranked 76th most profitable enterprises, and 33rd most profitable private enterprises in Vietnam, 2017.
In the first three quarters of 2017, Dat Xanh recorded remarkable improvements in business results in comparison with recent years. In particular: Profit after tax is 669 billion dongs, increased 3 times YOY. Profit after tax of the parent company in the first 9 months is 460 billion VND, EPS reached 1,609 dong. Dat Xanh's profit after tax target in 2017 is VND700 billion; so the company achieved 95% of this target by the end of Q3.
Speaking at the honor ceremony, Mr. Vu Quoc Viet - Senior Director of Dat Xanh Group, said: “In order to reach achievements, we always have innovations, breakthroughs to optimize operational efficiency, to bring practical benefits to our customers, partners, shareholders as well as employees. Thanks to the real estate development closed system of “Investment – Construction – Service”, Dat Xanh can actively control its input and output, creating products of good value, reasonable price and best services as compared to players in the industry. This is Dat Xanh's core competitive strategy to be different, which will deliver a breakthrough and become the leading real estate development company in Vietnam as well as create a solid premise to reach international market”.
The leading real estate solution provider in Vietnam
Dat Xanh Group was established in November 2003. After 14 years of establishment and development, Dat Xanh has had a strong development and breakthrough and become the leading comprehensive real estate solution provider in Vietnam with investment and development of hundreds of real estate projects accross Vietnam.
The real estate projects that bring success to Dat Xanh include: Sunview Town (Thu Duc district), LuxCity (District 7), Opal Riverside, Opal Garden (Thu Duc district), Luxgarden (District 7), etc.
In 2018, Dat Xanh will continue to implement mid-end and high-end projects with large scale of 2,000 - 3,000 luxury apartments and many modern facilities, promising to bring enjoyment and ideal investment opportunities to customers. According to the direction to 2020, Dat Xanh Group will sell 15,000 products per year, accounting for 30% of market share and accumulate 1,000 hectares of clean land fund.
Dat Xanh being in Top 500 Enterprise of 2017 by Vietnam Report is a recognition for the work and effort given in many years by Dat Xanh's professional, dedicated and highly specialized staff. November 2017 - In order to acknowledge the dedication of its employees, Dat Xanh issued 3 million shares, equivalent to VND 62 billion, under the Employee Stock Options Plan (ESOP) which is applied to management level, employess working for the company for more than 5 years and some special cases. This is a reward of great value given by Dat Xanh in the hope that it will create favorable conditions for its employees to have better financial sercurity and motivation for long-term contribution and dedication.
Besides business activities, Dat Xanh always connects and shares with the society to relieve the difficulties and bring smiles to the community. With good socio-economic contributions, Dat Xanh has won numerous awards as: Prime Minister's Certificate of Merit, Vietnam's Top 10 Real Estate Developers in 2017 (Vietnam Report); Vietnam's Top 10 most prestigious investors in 2017 (BCI Asia Awards 2017); Top 500 largest private companies in Vietnam (Vietnam Report), Top 50 best listed companies in Vietnam in 2016 (Forbes); Vietnam's 50 best-performing companies (Nhip cau Dau tu Magazine), etc.
With various market opportunities and strong financial health, Dat Xanh Group is confident to aim for a position in top 10 real estate developers in Southeast Asia by 2030.
Dat Xanh Group