PDR estimates xem tỷ lệ bóng đá hôm nay 2Q2021’s profit increased by 112% YoY

Following xem tỷ lệ bóng đá hôm nay profit growth of nearly 60% in 1Q2021, Phat Dat Real Estate Development Corporation (stock code: PDR) continued to record 2Q2021’s pre-tax profit estimated at VND 322 billion, a significant increase of 112% compared to xem tỷ lệ bóng đá hôm nay second quarter of last year, resulting in xem tỷ lệ bóng đá hôm nay accumulated pre-tax profit of 1H2021 reaching about VND 637 billion, up 82% YoY.

A constantly increasing business performance

xem tỷ lệ bóng đá hôm nay fourth outbreak of Covid-19 in many provinces and cities has put xem tỷ lệ bóng đá hôm nay real estate industry under many new challenges. According to a report of DKRA Vietnam, in xem tỷ lệ bóng đá hôm nay southern region (including Ho Chi Minh City and neighboring provinces such as Long An, Dong Nai, and Binh Duong), most of xem tỷ lệ bóng đá hôm nay current projects are still open for sale.

Despite such adverse context, owing to xem tỷ lệ bóng đá hôm nay clearly-planned business goals and excellent implementation capability, PDR estimates to reach VND 322 billion in 2Q2021’s pre-tax profit, up 112% compared to 2Q2020, resulting in xem tỷ lệ bóng đá hôm nay 1H2021’s accumulated profit of VND 637 billion (up 82% YoY). Such strong growth results from xem tỷ lệ bóng đá hôm nay accelerated handovers and revenue recorded from a part of xem tỷ lệ bóng đá hôm nay low-rise section in Zone 9 and a part of xem tỷ lệ bóng đá hôm nay high-rise blocks in Zone 4 of Nhon Hoi Ecotourism Area in Binh Dinh province.

xem tỷ lệ bóng đá hôm nay continuous growth in quarterly pre-tax profit since 2020

Additionally, xem tỷ lệ bóng đá hôm nay gross profit margin in 2Q2021 continued to improve compared to 1Q2021 and xem tỷ lệ bóng đá hôm nay same period of 2020. Specifically, 2Q2021’s gross profit margin reached 75.5%, while that of 1Q2021 at 65.7% and 2Q2020 38.6%. As a result, 2Q2021’s gross profit increased sharply by 91% YoY, equivalent to VND 407.7 billion, and xem tỷ lệ bóng đá hôm nay accumulated gross profit reached VND 792.6 billion (up 71% YoY). Moreover, in xem tỷ lệ bóng đá hôm nay quarter, PDR also optimized selling expenses, general and administrative expenses, and financial expenses, enabling a pre-tax profit margin reaching 59.6% compared to 27.5% of xem tỷ lệ bóng đá hôm nay same period in 2020.

PDR’s estimated Cumulative profit margin for xem tỷ lệ bóng đá hôm nay first half of 2021

A sharply decreasing debt-to-equity ratio

Thanks to such impressive business results in xem tỷ lệ bóng đá hôm nay first half of 2021, PDR also completed xem tỷ lệ bóng đá hôm nay plan to reduce loans in xem tỷ lệ bóng đá hôm nay second quarter of 2021. It is estimated that PDR's debt value is reduced to about VND 1,260 billion, while its equity is up to VND 7,100 billion, resulting in a debt/equity ratio of about 17.7%. Consequently, PDR is in a proactive position to mobilize new loan sources with rational capital costs and is willing to increase long-term debts to finance xem tỷ lệ bóng đá hôm nay development of projects which bring about high profitability and quick, stable cash flows in xem tỷ lệ bóng đá hôm nay future.

Apparently, PDR is confident in achieving xem tỷ lệ bóng đá hôm nay target revenue of VND 4,700 billion, profit before tax of VND 2,335 billion, and profit after tax of VND 1,868 billion as in xem tỷ lệ bóng đá hôm nay plan approved by xem tỷ lệ bóng đá hôm nay 2021 Annual General Meeting of Shareholders. Simultaneously, such achievements have created a premise for PDR to realize xem tỷ lệ bóng đá hôm nay targets set in xem tỷ lệ bóng đá hôm nay 5-year plan (from 2019 to 2023) approved by xem tỷ lệ bóng đá hôm nay Board of Directors including a pre-tax profit of VND 14,270 billion and a CAGR of 51%