Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land - stock code SCR) recorded accumulated The first 9...
Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land - stock code SCR) recorded accumulated The first 9 months of 2021 with consolidated net revenue reached VND 1,574 billion, up 4.5 times over the same period, exceeding nearly 5% of the whole year plan (VND 1,502 billion).
Consolidated pre-tax profit in 9 months is nearly 233 billion VND, up nearly 3 times over the same period and reaching 101% of the year plan (230 billion VND).
Particularly in the Q3 of 2021, SCR's consolidated net revenue reached 375 billion VND, up more than 3 times over the same period mainly thanks to the handover and continued recognition of 100 apartments under the Carillon 7 project. gross profit reached more than 71 billion VND, equivalent to a growth rate of more than 2 times compared to the same period in Quarter 3 of 2020. Consolidated pre-tax profit reached 12.8 billion VND.
According to TTC Land, the positive results in the first 9 months of the year came from the continued recognition and handover of the remaining 189 apartments of the Carillon 7 project as well as the payment of assets that were not in line with the company's development orientation.
Total assets as of September 30, 2021, reached 10,464 billion VND. Equity reached 5,031 billion dongs. The total loan balance at the end of the third quarter was 2,136 billion VND, a decrease of 650 billion VND compared to the beginning of the year, from which the debt/total assets and debt/equity ratios were 0.20 times and 0.42 times respectively.
TTC Land said that in the first 9 months of this year, it has promoted M&A and developed land bank through strengthening cooperation with external partners, with many large land banks, convenient locations, mainly in Long An (130 ha), Dong Nai (160 ha) with a variety of development types: Complex, Residential, Commercial, and Service Areas, ensuring a complete ecosystem of real estate services.
On the stock market, closing the session on October 29, 2021, SCR stock stood at the price of 14,800 dong/share, corresponding to a market capitalization of 5,422 billion VND, an increase of 62% compared to the beginning of 2021.
Via Securities News