In the fourth quarter of 2022 alone, Sunshine Homes Development Joint Stock Company (UPCoM: SSH) recorded a positive growth in total net revenue and profit following tax compared to the same period last year, reaching VND 451.1 billion and VND 118 billion, respectively. 8 billion dong.
The fourth quarter of 2022 is the time when the real estate market continues to record a series of difficulties with low liquidity, scarce supply, limited credit room, high interest rates, etc., under the impact of volatility. financial market movements in particular, signs of economic recession in Vietnam and the world due to the influence of wars, epidemics… in general. In that context, the business results of the fourth quarter of 2022 of Sunshine Homes Development (SSH) are recognized as a significant effort of the business.
Green space at Sunshine City, the project is located in Nam Thang Long urban area – Ciputra of Sunshine Homes
Specifically, according to the consolidated financial statements of the fourth quarter of 2022, SSH’s net revenue from sales and service provision reached VND 451.1 billion, profit following tax reached VND 118.8 billion (equivalent to an increase of 262% and 280 respectively. % over the same period in 2021). By the end of 2022, SSH earned more than 865 billion VND in total consolidated revenue and 344 billion VND in following-tax profit, fulfilling 86% of the profit plan set out in 2022. As of December 31, 2022, total assets of the Company is 19,381 billion VND.
Currently, SSH is operating on UpCom with 375 million shares traded, the closing price on January 30, 2023 was VND 67,900/share, the Company’s market capitalization reached more than VND 25,462 billion, an increase of nearly 372 % compared to the time of offering. Recently, the Company has also completed the plan to issue shares to pay dividends in 2021 at the rate of 10:1 (according to the content approved at the Annual General Meeting of Shareholders in 2022).
On the “Vietnam real estate map” for many years, SSH is a real estate developer with an identity when owning a large land bank and real estate product lines that aim at core real values for end users, especially with real estate. harmonious association with the typical cultural space of big cities such as Hanoi and Saigon.
According to the latest records of experts, SSH is ranked “Best Luxury Developer Southeast Asia 2022” (Best Luxury Real Estate Developer in Southeast Asia 2022), within the framework of the Dot Property Southeast Asia Awards 2022. .
