IN xổ số hôm qua FIRST QUARTER OF 2023, FECON’S NET PROFIT RECORDED NEARLY 3 BILLION VND, MANY TARGETS PROSPERED

According to xổ số hôm qua newest published consolidated financial statements of xổ số hôm qua first quarter of 2023, FECON recorded a net profit of VND 2.81 billion. This is a positive result compared to xổ số hôm qua same result last year.

xổ số hôm qua FECON’s after-tax profit recorded this result thanks to xổ số hôm qua increase in net revenue and consolidated profit in period of 107,42 billion VND and 35 billion VND, respectively, an increase of 21,4% and 39,8% respectively over xổ số hôm qua same period.

Also in this quarter, net revenue from FECON's sales of goods and services recorded 609 billion VND, an increase of 21% over xổ số hôm qua same period last year. Meanwhile, xổ số hôm qua cost of goods sold increased by only 17% over xổ số hôm qua same period. In particular, in this quarter, FECON has significantly reduced sales costs by up to 22% (down more than 1.326 billion VND) compared to last year.

These factors have created a consolidated gross profit of up to 122 billion VND and a consolidated net profit of 3 billion VND above. All are showing positive results after a period of time when xổ số hôm qua real estate and construction industry fell into depression.

Since 2022, xổ số hôm qua cost of capital in some projects has increased compared to xổ số hôm qua initial plan of many real estate and construction enterprises. xổ số hôm qua reason is that xổ số hôm qua price of raw materials fluctuates abnormally and labor costs increase due to xổ số hôm qua impact of xổ số hôm qua Covid-19 pandemic. It is expected that this development will continue to happen in 2023, so right from xổ số hôm qua beginning of this year, FECON has developed response scenarios. This is reflected in xổ số hôm qua bidding price, signing all contracts with investors and contractors of xổ số hôm qua Group.

Currently, FECON is actively developing an action plan to complete xổ số hôm qua business plan goal approved at xổ số hôm qua 2023 Annual General Meeting of Shareholders. FECON builds these goals based on careful calculation, careful and following market developments. In xổ số hôm qua coming time, with many favorable policies of xổ số hôm qua Government when supporting businesses, genuine estate-construction enterprises to resume operations, FECON hopes to complete xổ số hôm qua set goals soon.

As of March 31, 2023, FECON's total assets reached 7.872 billion VND, an increase of 4,03% compared to xổ số hôm qua beginning of xổ số hôm qua year, including short-term receivables of 3.939 billion VND, accounting for 43,1% of total assets. Shareholders' equity reached 3.495 billion VND, an increase of 12 billion VND compared to xổ số hôm qua beginning of xổ số hôm qua year.