Vietnam Stock News Nam Long Group (HOSE: NLG) ranked fourth in the list of 50 best listed companies

Vietnam Stock News Nam Long Group (HOSE: NLG) ranked fourth in the list of 50 best listed companies

Within the framework of the 2019 business forum held in Ho Chi Minh City organized by Forbes, Nam Long Investment Joint Stock Company (HOSE: NLG) for the fourth time was honored in the prestigious rankings "50 companies. Best listings "in 2019.

This list is evaluated and ranked by the Vietnam Forbes companies with the best business performance in the market, based on objective criteria, development, growth rate, sustainability and transparency of the business. karma.

Announcement Ceremony of "Top 50 Best Listed Companies" in 2019.

Continuing to be on the list of "Top 50 best listed companies in 2019" and "Top 50 leading brands in 2019" published by Forbes Vietnam in August, Nam Long continued to affirm the role of a of the leading brands in the real estate industry.

Nam Long is known as an urban developer that always takes the leading position with innovative steps in the business model of developing diversified products to meet the housing needs of many market segments. At the same time, the capital structure of Nam Long is also considered very stable and proactive in response to market fluctuations. With more than 650 hectares of clean land available, Nam Long is currently in the top 5 companies with the largest land bank on the stock exchange and ranked second in terms of land fund for housing real estate development.

In 2018, Nam Long recorded a 25% increase in product sales to VND 5,156 billion, a revenue of VND 3,480 billion, an increase of 11%. Parent company EAT increased by 43% to 763 billion dong. In 2019, Nam Long accelerates and focuses on developing large-scale urban areas applying international standards, modern infrastructure and adequate utilities to increase value for customers and shareholders.

By the end of the first 6 months of 2019, Nam Long's total assets reached VND 10,303.7 billion, cash balance of nearly VND 1,854 billion, net revenue of over VND 935 billion, profit before tax of 6 months reached over VND 327 billion, profit after tax of 265.8 billion, up 24% over the same period last year. Accordingly, in the 3rd and 4th quarter of 2019, Nam Long will hand over the townhouse projects, villas of the Valora line, the Flora Mizuki apartment project (in the Mizuki Park urban area - Binh Chanh) and the apartment project. Flora Novia (Thu Duc).