Nam Long ranked among "Top 50 listed companies in Vietnam 2021" for the 6th time in a row

Despite the impact of Covid-19 pandemic, Nam Long Group (HOSE: NLG) still recorded an increase of 915% in net profit compared to the same period last year and ranked among “Top 50 listed companies in Vietnam in 2021” by Forbes Vietnam for the 6th time in a row. 

2021 also marks the beginning of Nam Long Group's growing period 2021-2023 as the group capital reached billion USD market cap, and share price also became more attractive after continuously setting new peaks. Within the same year, Nam Long completed planning for growth transformation in the new development period to 2030, to become an integrated and innovative real estate company in Vietnam and the region, make customers the main focus and build sustainable business with annual revenue of billions of USD, adding value to customers, partners and shareholders.

Tran Xuan Ngoc, Nam Long Group’s General Director received the award from Forbes Vietnam

In the first 9 months of 2021, Nam Long recorded USD 72 billion in revenue from handing over land, townhouses, apartments and villas at projects including Flora Novia (Thu Duc), Nguyen Son (Binh Chanh) and others. Despite the pandemic's impact on the economy, Nam Long’s financial capability remains stable as the company's total assets and capital increased sharply, from VND 13,643 billion at the end of 2020 to VND 24,115 billion as of September 30, 2021. Parent company’s after-tax profit reached VND 297 billion, increased by 915% compared to Q3/2020, after recognizing the VND 361 billion profit from the merger of Southgate JSC.

As a flexible response to the lockdown, Nam Long opened online sales for two projects Can Tho and Ehome Southgate with a total selling value of about VND 554 billion. In the first 9 months of 2021, Nam Long has sold 1,355 products, equivalent to VND 5,078 billion, including 338 Valora villas and townhouses in Waterpoint City and 637 Flora apartments in Mizuki Park.

In the Q4/2021, the group continued to have successful online sales of 275 garden townhouses and shophouses, as part of Izumi City’s phase 1 (Dong Nai) and Flora Mizuki apartments in Mizuki Park MP9 and MP10 (Binh Chanh).

Nam Long is currently promoting the development of world-class Modern Townships in Ho Chi Minh City and neighboring provinces such as The Aqua project, a compound next to the harbor in Waterpoint City and The Mizuki compound area, with 39 luxury villas in Mizuki Park’s most beautiful location. Both projects will be announced to the market by the Group in the near future.

Perspective planning of  Mizuki compound area with 39 luxury villas located in Mizuki Park’s  most beautiful location.

With a clean land fund of 681 hectares in Ho Chi Minh City, Dong Nai, Long An, Hai Phong, in addition to a good access to funding and a safe capital structure, NLG has a growth momentum in the future. Of which, Mizuki Park project (26.4ha) in Binh Chanh, Waterpoint project (355ha) in Long An province and Izumi City project (170ha) in Dong Nai are expected to bring significant profits to NLGin the upcoming period. 

Source: Nam Long Group (Hose: NLG)