Outstanding business performance

Century Land Joint Stock Company (Cen Land, HSX: CRE) has just announced its consolidated financial statements for 2021 with outstanding business results. With net revenue of 5,597.58 billion VND (up 164.3% over 2020), Cen Land reaches 112% of the set plan. This is the highest result since the establishment of the company. Cen Land affirms its leadership position in real estate service companies in Vietnam.

Profit after corporate income tax set a new record of 450.5 billion VND (up over 50% over 2020), completing 110.4% of the whole year plan. Profit after tax of parent company is 457.98 billion VND while basic earnings per share is 3,670 VND.

Total assets record a stronger growth of 64% to 6,270 billion VND when the company is promoting secondary investment. In addition to over 100 real estate projects for sale with a total transaction value of more than 48,000 billion VND, Cen Land invests new projects such as: Louis City Hoang Mai, Hinode Royal Park, C-Sky View, Trinity Tower, Tuan Chau Island, etc. Cen Land has signed with many other partners to become the strategic sales agency of the projects like Happy One - Central, Xanh Villas, Kien Hung Luxury, Sapa Jade Hill Resort & Spa, King's Garden Resort, and more.

The signing event between Cen Land and I.P.A Investments Group Joint Stock Company marks an important milestone that the two sides become the comprehensive strategic partners. The two parties will cooperate to create quality projects, share corporate governance experiences in the Digital Age, develop human resource and more. Under the agreement, I.P.A will research to invest in the real estate service ecosystem of Cen Group (the parent company of Cen Land) with business lines such as project brokerage, development investment, proptech, among others.

On December 9, 2021, Cen Land and I.P.A Investments Group Joint Stock Company signed a comprehensive strategic partnership agreement. 

In 2021, Cen Land has won many great awards: Top 10 representative companies with happy workforce in Vietnam; Top 50 companies with the most effective business performance in Vietnam; Top 5 proptech platforms that best support the real estate brokerage market in 2021; Top 10 Vietnamese reputable real estate sales agencies in 2021; Top 10 best real estate agencies in 2021; 100 Vietnam Gold Star Award 2021; just to name a few.

Cen Land deputy CEO Lam Van Huynh received the award "Top 10 Best Real Estate Agencies 2021".

Cen Land expects revenue of 10,000 billion VND on the 20th anniversary.

On the occasion of Cen Land’s 20th anniversary, the firm continues to invest in perfecting the ecosystem and restructuring the system for sustainable development. Cen Land is pursuing to carry out the mission of realizing dreams for investors, partners and clients.

At the recent extraordinary general meeting of shareholders, chairman Nguyen Trung Vu revealed that Cen Land has shaken hands with major developers such as Hong Lam Xuan Thanh, Vinhomes, Novaland, VFI Group, and more for the 2022 plan. The revenue in 2022 is likely to reach over 10,000 billion VND and towards the billion-dollar company in 2023.

"Even when the real estate market "freezes", Cen Land will not face any difficulties. Cen Land has made a thorough preparation for these circumstances," said Cen Land chairman.

In order to realize the goals of 2022, prompt strategies are applied by Cen Land's leadership at the beginning of the year on finance, human resources, training and technology development.

In early 2022, Cen Land signed a strategic partnership agreement with Vinahud.

After the strategic cooperation signing ceremony with Vinahud, Cen Land is going to offer three projects: Vien Nam ecological urban area (Ky Son, Hoa Binh), Parahills (Cao Phong, Hoa Binh) and Tien Phong flower village (Me Linh). These projects are expected to be launched in the second and third quarters of 2022. Cen Land will be the exclusive sales agency in marketing and selling the projects.

Regarding investment, Cen Land promotes quality projects and improves the capacity of the investment department. Besides, the company strengthens cooperation with financial institutions and organizations as well as a large number of domestic and foreign investors. The Board of Directors has just approved the detailed plan for using capital from the offering. Cen Land is about to increase the charter capital to 4,636 billion VND. Those who own 100 shares will receive 30 new shares. In addition, shareholders who own 01 share will receive 01 right, and with every 01 right will be entitled to purchase 01 new share at the issuance price of 10,000 VND/share.

Towards the high growth rate, Cen Land is aiming to become a blue-chip in 2022 with a market capitalisation of tens of trillions of VND.