FLC posts $14.4 million profit

Property developer FLC Group (FLC) posted an aggregate profit of VND303 billion (US$14.4 million) in the first nine months of the year, meeting 87 per cent of its yearly target.

According to its third quarter's earnings, FLC had a turnover of VND505 billion ($24 million) and pre-tax profit of VND125.2 billion ($5.9 billion). Notably, its turnover from real-estate sales contributed considerably to the profit amount. With the results, FLC reached the earning per share of VND1,316. Its equity is more than VND3.79 trillion ($180 million).

Doan Van Phuong, FLC's General Director, said that by the end of this year, a surge of turnover from property is expected, as some projects will be put on sale such as FLC Garden City, FLC Complex 36 Pham Hung in Ha Noi and FLC Samson Beach and Golf Resort in Thanh Hoa Province.

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