Overview of DIC's Annual General Meeting of Shareholders in 2019.

DIC Group transforms models, creating growth momentum

The picture of the real estate market in 2018 has been recognized by experts to maintain a stable development, more reasonable market segments and products. The convenient real estate market "resonates" with the right planning of DIC group has brought a year of "making money" for this business. The production and business results in 2018 are the criteria for Vietnam Report to rank DIC group to top 20 fastest real estate enterprises in Vietnam (FAST500 Chart).

According to the report on production and business results (business performance) at the AGM, ending 2018, the parent company - DIC Corp has total revenue reached VND 2,149.4 billion, up 102.8% compared to 2017; profit before tax reached VND 359 billion; 123% increase compared to 2017; total development investment capital reached VND 1,570 billion; 13.2% increase compared to 2017.

2018 is also a memorable year for DIC Group - the first year of transforming the model into a private economic group, the enterprise has marked a breakthrough in many aspects: Capital, assets and revenue, profit and brand. These developments are associated with the investment in developing urban areas, real estate business (real estate), which is the core activity of DIC Group. Accordingly, DIC Group has achieved most of the set objectives with high growth, bringing practical benefits to employees and shareholders.

Mr. Nguyen Thien Tuan - Chairman of DIC Group presented the report of the Board of Directors on 2018’s activities.

Notably, in the past, DIC Group has focused on developing basic projects to complete legal procedures, connecting convenient transport infrastructure, focusing on the project team with good liquidity and calling for investors such as Nam Vinh Yen new urban area (Vinh Phuc province); some projects in Ba Ria - Vung Tau such as component projects of Chi Linh central area; Cap Saint Jacques complex; Bac Vung Tau new urban area; in Dong Nai such as Long Tan Tourism Urban Area etc.

In addition, the General Meeting of Shareholders has approved a 12% dividend payment plan for 2018, of which 7% is paid in cash, the rest is in stock. Regarding the specific stock issuance plan, the company intends to issue nearly 15 million shares with par value of VND 10,000 / share in the second quarter of 2019. The charter capital after issuance will be VND 3,149.5 billion.

Profit plan increased by 28%, expected dividend from 10 - 15% in 2019

Based on the evaluation of the development capacity and the objective conditions of the market, DIC Group submitted to the General Meeting of Shareholders for approval of the development plan in 2019.

Specifically, the target of business and production plan in 2019 is as follows: about total revenue: parent company: VND 2,350 billion dong; an increase of 9.3% compared to 2018; consolidated: VND 2,900 billion VND; increased by 11.1% compared to 2018; about total development investment capital: VND 6,970.8 billion, up 344% (Of which, investment in the project: VND 6,780 billion; financial investment: VND 190.8 billion); about total profit before tax, parent company: VND 501 billion, up 39.5%, consolidated: VND 550 billion, up 28.4%; dividends: 10 - 15%.

In particular, tourism - resort real estate will still be the spearhead of DIC Group in the period of 2018 - 2022. It is expected that the development rate of this sector accounts for about 40-50% of the total value of business development. Currently, the company is rushing to carry out research work, prepare investment projects for resorts, condotels, high standard hotels attached to international brands in key tourism development areas in Vung Tau city, Phu Quoc, Con Dao ...

Mr. Tran Minh Phu - General Director of DIC Group reported business plan in 2019.

Regarding the 2019 corporate bond issuance plan, DIC Group plans to offer 1,000 non-convertible corporate bonds with a term of 3-5 years at a maximum interest rate of 5% / year. The total offering value is 100 million USD. In addition to the purpose of increasing the scale of operating capital, the amount of capital collected from offering bonds to invest in new projects: DIC Wonder Vung Tau Tourism Complex (Nghinh Phong, Vung Tau City); DIC Star Con Dao Resort (Ba Ria - Vung Tau Province); DIC Bau Trung City (Vung Tau City); DIC Golf Resort Ho Tram.

Tin tức liên quan

08/04 2020

The People's Committee of Ba Ria – Vung Tau province assigns the Department of Natural Resources...

Chi tiết
07/04 2020

Development Investment Construction Corporation (DIC Group, HOSE: DIG) has just announced its...

Chi tiết
24/02 2020

On February 14th 2020, DIC Group (HoSE: DIG) held the 80th General Meeting - Term III...

Chi tiết
15/11 2019

Mr. Nguyen Thien Tuan - Chairman of the Board of Directors of DIC Group presented the plan to...

Chi tiết
19/08 2019

DIC Group has proposed to present the idea of planning of Hotels and Golf Course Resorts project...

Chi tiết
09/08 2019

Within the framework of the awarding ceremony, Pullman Vung Tau Hotel & Convention Center - a...

Chi tiết