TTC Land (HoSE: SCR) showed that the revenue and pre-tax profit growth target is set at an average rate of mor...
TTC Land (HoSE: SCR) showed that the revenue and pre-tax profit growth target is set at an average rate of more than 30% / year in the period of 2021 - 2025. The company strives to in 2025, the revenue will be more than VND 4,500 billion and pre-tax profit of over VND 1,000 billion.
TTC Land is to concentrate on 3 main business segments. Photo: TCĐ
TTC Land concentrates on 3 main business segments, including residential real estate, real estate for rent (commercial floors, offices, apartments) and distributed business under the scheme.
The residential real estate segment will develop 3 main product lines, particularly, Charmington (high-end), Carillon (mid-end) and Jamona (low-rise and high-rise complexes). This essential business segment is expected to contribute approximately 70-80% of TTC Land's revenue and profit.
The corporation promotes rental real estate continuously because this segment has brought in stable revenue and profit in recent years. TTC Land plans to develop more projects in the inner city areas of Ho Chi Minh City or the central areas of metropolis, where it has high population densities.
TTC Land also arranged to continue reengineering the asset portfolio through the investment cooperation contract liquidation agreement. This liquidation is expected to recover a cash flow of nearly VND 903 billion, profit of about VND 100 billion, assisting to reduce outstanding loans and developing new projects in line with the strategic direction of the coming years.
Unit: VND billion
In the last months of the year, TTC Land organizes to pay off outstanding assets and inappropriate investments to optimize financial efficiency. In addition, the company is to continue to record revenue and profit from the handover of low-rise Jamona City projects (District 7, Ho Chi Minh City), Jamona Home Resort (Thu Duc district, HCMC). The company also has a stable source of revenue from commercial floor leasing which is equivalent to about 13% of revenue each year.
Nguoi Lao Dong