Nam Long Group (NLG) has been honored in the Top 50 Vietnam best growth in 2019 and Top 10 prestige real estate investors in 2019.

Continuing to grow despite the challenges of the real estate market with a 43% increase in the group’s net profit to VND 763 billion, Nam Long Investment Group (HOSE: NLG) was officially honored in the "Top 50 Vietnam Best Growth” on FAST500 list - Top 500 fastest growing enterprises in Vietnam in 2019, assessed by Vietnam Report and VietNamNet Newspaper - Ministry of Information & Communications.

According to the business results from 2013 to 2018, Nam Long has had impressive indicators of revenue and profit growth rate to officially be listed as “ Top 50 Vietnam Best Growth in 2019” on FAST500 list - Top 500 fastest growing enterprises in Vietnam in 2019. At the end of 2018, Nam Long Group continued to grow sustainably despite the challenges of the market. Product sales increased by 25% to VND 5,156 billion, revenue recorded VND 3,480 billion, equivalent to an increase of 11%. The group net profit increased by 43% to VND 763 billion. The annual revenue came as expected and in accordance with the strategic plan, the net profit reached 124% of the projected number. At the beginning of 2019, the Group’s Q1 net revenue was VND 332 billion and profit was more than VND 145 billion, that is 358% growth.

AST500 - Top 500 fastest growing enterprises in Vietnam is a ranking chart by Vietnam Report and VietnamNet Newspaper. Accordingly, FAST500 rankings are based on the independent research and evaluation results of VNR for enterprises, based on the compound annual growth rate of the revenue and business efficiency. The ranking of enterprises on the list is sorted out based on the compound annual growth rate, business performance in the last 4 years, total assets, total labor, ROA and ROE indicators, net profit and the company’s reputation on the media.

Besides, based on the results of independent research by Vietnam Report for enterprises about operational performance, the number of projects, the progress of project delivered, ... in 2018 and 2019, Nam Long remained "Top 10 reputable real estate developers in 2019" and the top leading enterprises in real estate industry. In the period of 2019-2021, Nam Long will continue to set targets and prospective plans to bring benefits to shareholders who have been with Nam Long as well as to build high quality, customer centric and demand driven real estate products. Specifically, during this period, Nam Long will increase number of products developed by 4 times, number of delivery by 3 times higher than the period 2015-2018, which means to build almost 26,000 products and deliver 16,000 EHome, Flora, Valora products more in potential townships.  

(Source: Nam Long Group (Hose: NLG))