Thursday , June 24 2021

Lotus sold more than 7,000 m2 of land in the 9th district – HCMC

Lotus sold more than 7,000 m2 of land in the 9th district - HCMC - Figure 1.

Exports of Sun Lotus products

According to Hoa Sen Group's vice president of the group – Tran Ngoc Chu, November 6, the group completed the transfer of two parcels totaling 7,166 m2 in Do Xuan Hop Street, Phuoc Long B Ward, Quarter 9, HCMC.

The real estate transfer value is 139.5 billion dong, which corresponds to 19.5 million donges per square meter2.

HSG recently recorded a net loss of RSD 108 billion for the fourth quarter of fiscal year 2017-2018, which can be attributed to the gross margin of the Group and continues to fall because HRC prices are high and increased competition.

For the whole year 2017-2018, HSG recorded 34,441 billion in revenue and 410 billion dinars in profit after tax. Although sales of HSG exceeded 15% of the plan, however, profit after tax ended more than 30% of the target.

As of September 30, 2018, the debt of HSG continued to grow, from which short-term debt increased from $ 9,015 billion to $ 10,880 billion, long-term debt increased from $ 2,836 billion to $ 3,462 billion. co. This makes shareholders and investors of this group when business results are down, while debt has grown sharply.

At the stock market, HSG's stock price was traded at 8,600 dong / shares, 8,800 dong / shares, slightly more than the previous session, but still at the lowest price from the top of 1-6-2017 – when HSG cost at 28,500 VND per share.

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