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

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

trang cá cược bóng đá hull city afc FECON’s after-tax profit recorded this result thanks to trang cá cược bóng đá hull city afc 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 trang cá cược bóng đá hull city afc 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 trang cá cược bóng đá hull city afc same period last year. Meanwhile, trang cá cược bóng đá hull city afc cost of goods sold increased by only 17% over trang cá cược bóng đá hull city afc 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 trang cá cược bóng đá hull city afc real estate and construction industry fell into depression.

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

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

As of March 31, 2023, FECON's total assets reached 7.872 billion VND, an increase of 4,03% compared to trang cá cược bóng đá hull city afc beginning of trang cá cược bóng đá hull city afc 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 trang cá cược bóng đá hull city afc beginning of trang cá cược bóng đá hull city afc year.