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By late 2018, billionaire Pham Nhat Vuong invested money in Vinfast?

Thursday, January 31, 2019 16:05 (GMT + 7)

Vingroup recently announced business results in the fourth quarter of 2018 with positive figures.

Joint stock company Vingroup has just announced the fourth trimester of the 2018 financial year with positive results. Namely, Vingroup realized 38.427 billion of VND revenues in that period, which is 19.7% more than the same period of 2017. The pre-tax profit in the fourth quarter was RSD 4.999 billion, which is 19.2% higher.

Regarding the structure of net income in Q4: real estate transfer reached DKK 26.539 billion (68%); Retail and Supermarkets reached RSD 6.575 billion (16%); tourism hotel revenues amounted to 1.285 billion of VND; the rest of educational, hospital and other services.

Vingroup's financial revenues in the fourth quarter rose sharply from RSD 114 billion to RSD 3.846 billion. After the deduction of financial expenses, business management, and sales, Vingroup realized 4.989 billion of VND pre-tax profits, which is 19.2% more than the same period of 2017.

By late 2018, billionaire Pham Nhat Vuong invested money in Vinfast? - 1

Billionaire Pham Nhat Vuong – President of the Vingroup Group

Accumulated for the whole of 2018, Vingroup's revenues reached RSD 122.575 billion, an increase of 37.2% over the previous year. Net profit amounted to DKK 6,601 billion, which is 7.18% higher.

Total assets at 31 December 2018 amounted to DKK 289.105 billion, which is 35% more than the beginning of the year. The stock value at the end of the period amounts to 53,206 billion dong, mostly in real estate.

For example, in the explanation of the financial statements for unfinished assets, the investment capital in the Vinfast project amounted to 27,473 billion dinars by the end of 2018. Earlier this figure was recorded at the end of the third quarter of 13603 billion of VND. Thus, in the last 3 months of 2018, Vingroup billionaire Pham Nhat Vuonga invested more in Vinfast VND 13,870 billion.

The Group's capital at the end of 2018 reached 99,059 billion VND, up 89% from the beginning of the year. Vingroup still has unearned profit of RSD 4.824 billion.

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