Cen Land is the general sales agency of Kien Hung Luxury project
BoD of Century Land Joint Stock Company (HSX: CRE, Cen Land) has approved the closing of the list of shareholders to receive cash dividend in 2019 at 10% par value (1,000 dong/share). The record date is on September 29. Expected payment date is from October 19.
With the number of shares outstanding, Cen Land will spend about VND80 billion to pay dividend. In 2019, Cen Land’s consolidated net revenue reached VND2,312 billion, of which two main business lines namely real estate brokerage and secondary investment accounted for 55% and 43% respectively.
The profit targets maintained good growth when pre-tax profit reached VND491 billion, EPS was VND4,860/share. In 2019, Cen Land issued shares to increase its charter capital from VND500 billion to VND800 billion.
In 2020, Cen Land sets revenue of VND2,441 billion and profit after tax of VND400 billion. In the first half of the year, Cen Land's total assets was VND2,692 billion. In which, short-term assets was VND1,544 billion and long-term assets was VND 1,148 billion.
Regarding the business results in the first six months of the year, Cen Land achieved net revenue of over VND710 billion and profit after tax of about VND140 billion. Cen Land has over VND876 billion of undistributed profit as of the end of June, which is more than the current company's charter capital.
In the market, CRE has positive signals. From the beginning of August, CRE price increased by 33% to VND24,400/share.
Recently, Cen Land vice chairman Pham Thanh Hung has just announced the successful purchase of 1 million CRE shares from August 28 to September 16 by order-matching.
Shark Hung successfully bought 1 million CRE shares.
Cen Land – Brokerage market leader
Thanks to timely changes amidst the COVID-19 pandemic, Cen Land is highly appreciated by securities companies in the real estate brokerage segment with financial capacity and advanced technology.
During its development, Cen Land always focuses on building an ecosystem around the core value - brokerage. The company possesses a lot of potentials for development in the "new normal" period.
Maintaining its strength in the real estate market, Cen Land continues to shake hands with many major partners. Recently, Cen Land and Golden Star Construction Joint Stock Company signed a strategic partnership agreement. Cen Land accompanies the developer in investment and development of shophouses in Tan Thinh ward, Hoa Binh city.
In September 2020, Cen Land sells a series of new projects: Kien Hung Luxury, Geleximco Southern Star, just to name a few. The latest is Kien Hung Luxury of the investor Kien Hung Urban Development Investment Joint Stock Company, including 266 neo-classical terraced houses and shophouses on Phuc La - Van Phu street ( Hanoi).
Expanding the market, Cen Land is establishing local companies to develop the sales force. The core of Cen Land is two strategic sales forces namely STDA and Cen Homes. In 2019, Cen Land made more than 11,000 successful brokerage transactions.
In addition, with Cenhomes.vn proptech platform (integrating many technologies such as big data, artificial intelligence, chatbot, blockchain), Cen Land has ambitions to become a leading secondary investor with the most accurate and largest online real estate valuation database system in Vietnam.
Anticipating the trend of changing global supply chains, Cen Land is researching and developing the logistics real estate. In which, Cen Cuckoo specializes in serviced apartments.
In addition, Cen Land is considering to raise more capital from shareholders and investors in the coming time.
