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 U.S. +1.407.788.2780     Germany + info@aimgroup.com

High-end Vietnamese property vertical VinHomes (HOSE: VHM) recorded a 47 percent year-on-year revenue increase to VND 16.4 trillion ($708 million U.S.) for the fourth quarter ended Dec. 31, 2018.

This brings the company’s annual revenue up 27 percent to VND 38.806 trillion ($1.7 billion U.S.). The site is owned by real estate developer VinGroup

Profit after tax amounted to VND 2.347 trillion ($101 million U.S.) for Q4. Revenue from selling its own properties increased 40 percent to VND 15.432 trillion ($666 million U.S.) during the three-month period.

Hanoi-based VinGroup Joint Stock Company, formerly known as TechnoCom, was launched in Ukraine in 1993. It shifted its focus to Vietnam in 2000.

Its competition in the country comes from MuaBannhaDatBatDongSan.com.vn, and Homedy.com..