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In 2017, Hoa Binh reached its revenue target, surpassed its profit target.

According to the consolidated financial report of Quarter 4 in 2012 of Hoa Binh Construction Group, total revenue in 2017 reached VND16,035 billion, 49% higher than 2016, achieving the target revenue of VND16,000 billionproposed by the General Meeting of Shareholders. The after-tax profit was VND860 billion, a 51% increase compared to 2016, exceeding 4% of the plan.

In 2017, the gross profitmargin was 10.6%, which is higher than other companies in the same industry. The net profit margin in 2017 was 5.4%, compared to 5.3% in 2016. In 2017, Hoa Binhhad some provisions that have been reversed, resulting in a decrease in provisioning / sales from 1.1% in 2016 to 0.3% in 2017, which helped to improve the net profit margin in 2017.

ROA in 2017 was 6.8%. However, the using of financial leverage helpedROE multiplied many times, reached 44.5% in 2017. It means that one currency value of the company has made 0.45 currency value for the shareholders. In addition, the ability to pay interest is still high when the EBIT / Interest rate is 5.11 times. It shows that the using of financial leverage is extremely effective in increasing value for the shareholders.

 

In 2017, Hoa Binh achieved the business results as the plan proposed by the General Meeting of Shareholders. At the beginning of 2018, Hoa Binh has been assigned the construction projects with the value of over VND900 billion. This is the first result that helps Hoa Binhto continue to conquer new heights in 2018.


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