According to the Financial Statements of the third quarter of 2022, Cen Land recorded total net revenue of VND 754 billion, up 20% compared to the previous quarter and accounting for 90% compared to the same period last year. Profit after tax reached VND 31 billion.

Cen Land continues to maintain its brokerage market share.

Assessing business results, according to Cen Land, in the third quarter of 2022, the situation of the real estate market is unfavorable. The move to tighten real estate credit by banks and control the corporate bond market for real estate has affected the demand for real estate investment. In addition, some secondary projects have not been launched to the market in time, leading to a decrease in revenue and profit this quarter over the same period last year.

In 9 months, the company achieved revenue of VND 3,315 billion and profit after tax reached VND 257 billion, a decrease of 26% and 21% respectively compared to the same period last year. Revenue from brokerage still recorded VND 1,232 billion, up 12% over the same period last year. Revenue from real estate investment was VND 2,021 billion, equivalent to only 57% compared to the same period last year because a number of projects were offered late according to the schedule. Basic earnings per share was VND 1,259.

Total assets reached VND 6,869 billion by the end of the third quarter, an increase of 10% over the beginning of the year. In which, cash and cash equivalents increased by 36%, decreased by 50% in short-term financial investments, short-term receivables and long-term growth of 56% and 19% respectively, mainly from investment cooperation, deposit for the transfer of real estate products under Hoang Van Thu new urban area, Yen Phong (Bac Ninh) and Tuan Chau tourist and entertainment area and escrow deposits as the general agent to sell other projects. Inventory decreased by 32%.

In terms of capital, the company's liabilities rose by 13% compared to the end of last year to VND 3,208 billion. Most of which is short-term liabilities with VND 2,252 billion, including VND 1,038 billion short-term liabilities. The rest is long-term liabilities with VND 955 billion. The owner’s equity also increased by 6.5% YTD to VND 3,661 billion. As of September 30, 2022, the company still has VND 1,286 billion of undistributed profit until the end of the third quarter. According to the resolution of the 2022 Annual General Meeting of Shareholders, in addition to the 30% share bonus in October, Cen Land expects to use VND 302 billion of undistributed profit to pay 2021 stock dividends for shareholders in the coming time.

Cen Land announced the completion of a stock offering to existing shareholders of 201,599,449 shares and the issuance of 60,479,528 shares to increase share capital from the owner’s equity. Thereby, Cen Land has doubled its charter capital from VND 2,016 billion to VND 4,636 billion.

In the real estate market, Cen Land maintains the leading real estate service provider with a diverse project portfolia. Cen Land is a strategic sales agency of major developers across the country such as Vinhomes, Novaland, Ecopark, and more.