According to thegroup’s financial report released on April 21, Novaland earned over 1.9trillion VND (84 million USD) in net revenues in the first quarter of 2017, up164 percent from the same period last year, bringing its total asset value toover 37.7 trillion VND (1.66 billion USD). Its net revenues are expected to hit17.5 trillion VND (772 million USD) in 2017.
Novaland plans to rampup mergers and acquisitions (M&A) activities this year in strategicprojects in Ho Chi Minh City, Can Tho, Da Nang and Ba Ria – Vung Tau.
The group has beendeveloping 40 projects of different kinds such as villas, shop-houses,residential apartments and commercial buildings. Nine of them have been completed while ten others will be finishedthis year.-VNA
Novaland’s capitalisation value rises to almost 2 billion USD have 155 words, post on en.vietnamplus.vn at 2017-04-21 18:54:21. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.