IN cá cược bóng đá m88 FIRST QUARTER OF 2023, FECON’S NET PROFIT RECORDED NEARLY 3 BILLION VND, MANY TARGETS PROSPERED

According to cá cược bóng đá m88 newest published consolidated financial statements of cá cược bóng đá m88 first quarter of 2023, FECON recorded a net profit of VND 2.81 billion. This is a positive result compared to cá cược bóng đá m88 same result last year.

cá cược bóng đá m88 FECON’s after-tax profit recorded this result thanks to cá cược bóng đá m88 increase in net revenue and consolidated profit in period of 107,42 billion VND and 35 billion VND, respectively, an increase of 21,4% and 39,8% respectively over cá cược bóng đá m88 same period.

Also in this quarter, net revenue from FECON's sales of goods and services recorded 609 billion VND, an increase of 21% over cá cược bóng đá m88 same period last year. Meanwhile, cá cược bóng đá m88 cost of goods sold increased by only 17% over cá cược bóng đá m88 same period. In particular, in this quarter, FECON has significantly reduced sales costs by up to 22% (down more than 1.326 billion VND) compared to last year.

These factors have created a consolidated gross profit of up to 122 billion VND and a consolidated net profit of 3 billion VND above. All are showing positive results after a period of time when cá cược bóng đá m88 real estate and construction industry fell into depression.

Since 2022, cá cược bóng đá m88 cost of capital in some projects has increased compared to cá cược bóng đá m88 initial plan of many real estate and construction enterprises. cá cược bóng đá m88 reason is that cá cược bóng đá m88 price of raw materials fluctuates abnormally and labor costs increase due to cá cược bóng đá m88 impact of cá cược bóng đá m88 Covid-19 pandemic. It is expected that this development will continue to happen in 2023, so right from cá cược bóng đá m88 beginning of this year, FECON has developed response scenarios. This is reflected in cá cược bóng đá m88 bidding price, signing all contracts with investors and contractors of cá cược bóng đá m88 Group.

Currently, FECON is actively developing an action plan to complete cá cược bóng đá m88 business plan goal approved at cá cược bóng đá m88 2023 Annual General Meeting of Shareholders. FECON builds these goals based on careful calculation, careful and following market developments. In cá cược bóng đá m88 coming time, with many favorable policies of cá cược bóng đá m88 Government when supporting businesses, genuine estate-construction enterprises to resume operations, FECON hopes to complete cá cược bóng đá m88 set goals soon.

As of March 31, 2023, FECON's total assets reached 7.872 billion VND, an increase of 4,03% compared to cá cược bóng đá m88 beginning of cá cược bóng đá m88 year, including short-term receivables of 3.939 billion VND, accounting for 43,1% of total assets. Shareholders' equity reached 3.495 billion VND, an increase of 12 billion VND compared to cá cược bóng đá m88 beginning of cá cược bóng đá m88 year.