Analyst Pin-board: HDG – To exceed the 2019 plan and awaiting for 2020
Ha Do Group announced its business results for 2019 with revenue of VND 4,327 billion (+ 34%YoY) and net income of VND 842 billion (+ 33%YoY). The company has exceeded the year profit plan by 26%. The major contribution to the business results in 2019 was still the real estate segment, with an estimated share of 80%. The remaining profit was mainly from the energy segment. Specifically, the key drivers were contribution of new operational plant, namely Hong Phong 4 and the acceleration in deliveries of the Centrosa Garden project. Generally, business results were in line with our estimates.
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