TTC LAND SET A TARGET OF 11 TIMES HIGHER ON PROFIT, 2 TIMES ON LAND BANK IN THE NEXT THREE YEARS

Ms. Diep Thi Phuong Thao, Deputy General Director of TTC Group stated about development strategy and vision of subsidiary company – Sai Gon Thuong Tin Real Estate Joint Stock Company – TTC land (HoSE: SCR). Accordingly, by 2025, the revenue achieves of VND 7.057 billion, profit before tax reach VND 2.223 billion, 3 times and 11 times higher than this year’s plan, respectively. The land bank is forecast as twice as recent, achieve of 601 hectares.

Along with that, company’s total assets set a goal of VND 14.061 billion in 2025. Compound Annual Growth Rate (CAGR) is predicted to reach of 9% in the period 2021 – 2025.

According to TTC Land, in the first half, pre-tax profit estimated to reach VND 166 billion, mainly accounted from Carillon 7 located at Tan Phu district (HCMC). This result take about 55% the year’s plan. in the last six months, TTC Land expect to remain opening sale the Selavia (Phu Quoc) Project and Charmington Tamashi (Da Nang).

TTC Land’s land bank recently reach 250 hectares, located in many places such as HCMC, Da nang, Phu Quoc, Da Lat, which suitable for developing of 3 sectors: residential, commercial and tourism Real Estate. Typically as Iris, Charming Dragonic, Charmington Tan Son Nhat… in HCMC, Charmington in Da Nang, and Thung Lung Tinh Yeu in Da Lat.

Besides the current land bank, TTC Land orient to expand to provinces which has a high-speed urbanization such as Long An, Mekong Delta, Dong Nai, Lam Dong, …