DIC GROUP’S PRE-TAX PROFIT REACHED VND 436 BILLION IN 2018

On January 25th 2019, at DIC Star Vinh Phuc Hotel (Vinh Yen City, Vinh Phuc Province), DIC Group organized a conference to review production and business activities in 2018 and deploy business plan 2019.

IMPRESSIVE GROWTH

The important milestone of DIC Group in 2017 is the successful divestment of 49.65% of state capital, transferred to private economic group on November 28th 2017, contributing VND 2,274 billion to the government budget revenue.

In the first year of transforming the model, DIC Group marked a breakthrough in many aspects: Capital, assets, revenue, profit and brand. These developments are associated with the investment in developing urban areas, real estate business (real estate), which is the core activity of DIC Group.

Compared to the same period last year, all production and business indicators in 2018 recorded good growth. According to the preliminary report, only the parent company - DIC Corp: Total revenue is estimated at VND 2,139 billion, reaching 107% of the year plan, growing 101.8% over the same period in 2017; Total pre-tax profit is estimated at VND 436 billion, reaching 140.6% of the year plan, growing 170.8% compared to 2017; Development investment capital is estimated at VND 1,616.2 billion, up 16.5% compared to 2017.

Positive growth figures in 2018 show the right strategy of DIC Group's Board of Directors in the context of increasingly fierce competition in the real estate market.

Mr. Nguyen Thien Tuan, Chairman of DIC Group said: “We have successfully completed the targets set at the general meeting of shareholders and maintained the commitment to ensure the rights for shareholders at the highest level through effective business”.

Mr. Nguyen Thien Tuan, Chairman of DIC Group gave a speech about key tasks in 2019.

According to real estate experts, projects of DIC (such as Vung Tau Gateway high-class apartment, DIC Phoenix apartment (Vung Tau City), Nam Vinh Yen New Urban Area (Vinh Phuc province) etc have reached good construction progress, received by the market and brought great revenue during the time of sale opening. The projects continue to be launched in the market in the period of 2019-2020 are expected to have positive profitability prospects for customers when the markets in these areas are developing stable thanks to the synchronous investment infrastructure, the utility works for customers are interested and invested in a methodical way.

ATTRACTING INVESTMENT CAPITAL FROM KOREAN PARTNERS

In the context that Vietnam is changing strongly and becoming the most attractive investment destination in Asia, DIC Group strengthens cooperation with Korean partners to invest in real estate projects, at the same time, develop business services such as infrastructure of transport, logistics, thematic parks, tourism, medical treatment etc.

Earlier, on July 20th 2018, DIC and GMG Holdings (Korea) officially held the launching ceremony of DIC-Korea Joint Venture Company in Seoul. This event attracted more than 100 major investors, financial institutions, investment funds and construction companies in Korea such as Heerim, GS, Huyndai, Lotte, Doosan, Posco, Meritz, Hana, Shinhan etc. Accordingly, DIC – Korea Company plays the role of promoting investment projects of DIC Group in Korea. Specifically, in the first phase, this company will promote cooperation and investment in a number of component projects in urban area projects (level 1 project) invested by DIC Group to deploy construction investment as the approved planning. This is the first important step of DIC Group in the Korean market, creating a favorable business environment for international businesses.

Next to December 13th 2019, DIC - Korea has cooperated with K-Vina Biz Center to organize the "Vietnam Investment Market Conference in 2019". At this event, Korean securities experts identified DIG as one of the potential stock codes of Vietnam's real estate sector in 2019. In particular, owning a clean land fund spreads across many provinces in Vietnam increases DIG's value in the eyes of international investors.

STRONG RESILIENCE IN 2019

Chairman of DIC Group affirmed, "We have carefully prepared financial and human resources to enter 2019 to achieve good business and production growth." Business targets for 2019 are forecast to increase by at least 15% compared to 2018.

From the first project of Chi Linh Urban Center (Vung Tau City), DIC Group has been developing more than 20 diverse projects to provide more outstanding products to meet customer needs. The point of creating the attractiveness of DIC projects does not stop at attractive and lucrative properties but also an ideal place to settle and value-added chain.

Currently, this enterprise is the owner of many projects with large scale of clean land in Vinh Phuc, Dong Nai, Ba Ria - Vung Tau. These are areas with great advantages of connecting regional transport infrastructure, connecting with economic development centers and a strategic destination for many domestic real estate investors and international.

DIC Star Vinh Phuc Hotel is invested by DIC Group officially inaugurated on January 26th 2019.

This year, DIC Group focused on implementing a number of large-scale real estate projects across the country. In Vinh Phuc, on January 26, DIC Group officially celebrated the inauguration of the 5-star DIC Star Vinh Phuc Hotel. This hotel is expected to become an attractive weekend resort destination in the Northern Capital Hanoi area. Also in the first quarter of 2019, DIC Group will start the project of Vi Thanh Commercial Residence (Hau Giang province) with the scale of stage 1 over 70ha.

In the first quarter of 2019, DIC Group plans to start the Vi Thanh Commercial Residence Project (Hau Giang province) with the scale of stage 1 over 70ha.

In parallel, the process of restructuring the member company system, DIC Group will conduct the repositioning of the brand in 2019. Accordingly, the Group will focus on 2 main areas of investment in new urban area and resort tourism real estate combining entertainment service complex. With a well-planned strategy, DIC Group believes DIG’s shares will continue to create new and more attractive values ​​in the eyes of investors as well as international financial investment funds.

DIC Communications Department