|
PDR: Explanation for business result in 2020 Phat Dat Real Estate Development Corp has explained the business result in 2020 as follows:
The Company’s profit after tax in 2020 was 1.4 times higher than that of 2019, specifically:
- Profit after tax of 2020: 1,222,683,556,391 dongs
- Profit after tax of 2019: 872,606,119,833 dongs.
Due to the following reasons:
a) In 2019, the company’s profit recorded was recognized from the transfer and handing over to customers of some of the project's products: Land plots at Bau Ca project in Quang Ngai city and land in subdivision 4 belongs to Nhon Hoi eco-tourism urban area, Binh Dinh province.
b) In 2020, the Company handed over to customers all the lands at the project of subdivision 2 and a part of the low-rise area of subdivision 9 project in Nhon Hoi eco-tourism urban area, Binh Dinh province.
Therefore, the company’s profit after tax of 2020 increased by 40% compared to the same period of last year, mainly from the revenue of the land plots handed over in the project of subdivision 2 and subdivision 9 in the tourist urban area of Nhon Hoi, pacify the province.
HOSE
|
