Nam Long Group (NLG) plans pre-tax profit target of VND 1.002 billion in 2019, up 26pct on-year

At the latest meeting with investors, Nguyen Xuan Quang – Chairman of Nam Long Group – shared about the company’s business plan in three upcoming years, which still focuses on: developing large-scale townships; expanding land fund; and achieve growth target of 20-30pct/year, as well as low loan interest rates. In 2019-2021, NLG expects to launch 4,000 EHome products, 11,000 Flora products and 4,800 Valora products.

Nam Long Group recently passes a business planning for 2019, expecting to achieve revenue of VND3,485 billion, and parent company’s net profit of VND956 billion. While revenue target slightly declines on-year, profit target increases by 26pct. The company’s EPS is expected to reach VND3,699 billion. In recent months, Nam Long Group conducts two M&A transactions for projects with large land funds, including 170-ha Nam Long – Waterfront, and 45-ha Nam Long – Dai Phuoc.

Source: CafeF