Eurowindow Holding posts a profit of $5.2b last year

Saturday, Aug 20, 2022 08:20

Eurowindow Holding's building in Ha Noi. — Photo

Eurowindow Holding JSC has just released its 2021 business results, with a lower profit after tax.

Accordingly, the company’s equity as of December 31, 2021 reached VND7.76 trillion (US$331.6 million), an increase of VND236 billion year-on-year, while liabilities declined by VND159 billion over the same period, to over VND7.1 trillion.

However, Eurowindow Holding's profit after-tax dropped 35 per cent on-year to only VND127 billion, resulting in a profit after tax to equity (ROE) ratio of 1.64 per cent.

In recent years, it has boosted development in the real estate segment with many large-scale urban projects. For example, in October 2020, the joint venture between Eurowindow Holding and Construction and Project Management JSC No 1 (PCM1) won the bid for the new urban area project in Hoang Quang and Hoang Long communes, Thanh Hoa Province, with a scale of 176ha and a total investment of more than VND12.6 trillion.

At the end of 2020, the joint venture of Thang Long Co., Ltd and PCM1 was approved by the Yen Bai Provincial People's Committee to be the investor of a housing construction business (urban embellishment) project in Tuan Quan bridge area, Yen Ninh Ward, Yen Bai City.

In early 2021, Thang Long joined in a partnership with Eurowindow Holding's subsidiary, Eurowindow Quang Binh Five Star JSC, to do the Eurowindow Grand City urban area project with a capital of VND440 billion.

Besides, the Eurowindow Holding-PCM1 joint venture won the project of building a new urban area in Dong Vinh and Cua Nam wards, Nghe An Province, worth VND4 trillion.

At the beginning of 2022, Thang Long and Eurowindow Nha Trang Tourism Investment JSC also kicked off the urban area project in Nghi Phu and Hung Loc communes, Vinh City. The project is built on an area of ​​10.5ha, worth over VND1.13 trillion. — VNS

Comments (0)