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HCM CITY (Biz Hub) — FLC Group earned about VND300 billion (US$14.2 million) in profits in the first nine months of 2014, thereby meeting 85 per cent of its annual target.

The company also earned five times more than in the same period last year. In the third quarter alone, the group achieved a profit of VND130 billion ($6.2 million).

Doan Van Phuong, FLC general director, said the company promoted all of its business activities during the period, especially significant revenue from its mergers and acquisitions this year.The company expects a surge in revenue in the last quarter, when it will be offering several property projects for sale.

FLC has launched several large-scale projects, including Sam Son Golf Link and Resort, FLC Complex 36 Pham Hung, FLC Garden City and the terrace housing project in central Thanh Hoa Province.

It was chosen as investor of the VND7-trillion administrative centre in southern Khanh Hoa Province. The Kien Giang Province also wants the group to be investors of a 577-hectare golf course and resort in Phu Quoc. — VNS