Earnings Alerts

Vingroup Jsc (VIC) Earnings Surge in 2024 with Post-Tax Profit Hitting 5.25 Trillion Dong and Record Revenue

By January 24, 2025 No Comments
  • Vingroup’s profit after tax in the fourth quarter of 2024 was 1.18 trillion dong, significantly up from 499.7 billion dong in the same period the previous year.
  • For the entire year 2024, Vingroup reported a profit after tax of 5.25 trillion dong, more than double the 2.1 trillion dong recorded in 2023.
  • The company’s revenue for the fourth quarter of 2024 was 65.2 trillion dong, compared to 27.2 trillion dong in the fourth quarter of 2023.
  • Annual revenue in 2024 reached 192.16 trillion dong, marking a 19% increase year on year.
  • As of December 31, 2024, Vingroup’s total assets were valued at 839.2 trillion dong, an increase of 25.7% from the end of 2023.
  • Vinpearl, a subsidiary, welcomed over 1.3 million international visitors in 2024, representing a 58% increase from the previous year.
  • Vingroup attributed its record revenue to the strong delivery of residential units at mega projects, especially Vinhomes Royal Island, and significant growth in electric vehicle deliveries.
  • The current analyst ratings for Vingroup include 0 buy recommendations, 3 holds, and 0 sells.

A look at Vingroup Jsc Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma’s Smart Scores, Vingroup Jsc has a promising long-term outlook. The company excels in growth, scoring a perfect 5 out of 5, indicating strong potential for expansion and development in the future. This indicates that Vingroup Jsc is actively seeking opportunities to grow its business and increase its market presence.

While growth is a significant strength for Vingroup Jsc, other areas such as value and resilience have average scores. The company’s value score of 3 suggests that it may be slightly undervalued in the market compared to its peers. However, Vingroup Jsc‘s resilience score of 2 implies that it may face some challenges in adapting to unforeseen circumstances or economic fluctuations. Overall, Vingroup Jsc‘s future looks bright, especially with its focus on growth and development in various sectors such as real estate, healthcare, and entertainment.

### Summary: Vingroup Jsc is a real estate development company that offers a wide range of properties and services, including apartments, malls, hotels, resorts, healthcare, education, convention centers, amusement parks, and entertainment facilities to customers globally. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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