Phat Dat organized the Annual General Meeting of Shareholders in 2017



Phat Dat organized the Annual General Meeting of Shareholders in 2017

Ho Chi Minh City, March 22, 2017, at Nikko Hotel, 235 Nguyen Van Cu, District 1 , Phat Dat Real Estate Development Joint Stock Company successfully held the Annual General Meeting of Shareholders in 2017 . At the meeting, the shareholders voted on important issues such as business results in 2016, business plan in 2017, dividend payment plan in stock, etc. At the same time, discuss issues related to the project development and business activities of the Company in 2017.

2016 is the year of many successes in the process of changing business strategy of Phat Dat, highlighted by prominent events such as: opening River City – the largest model house in Vietnam, opened in District 7, attracting over 2,000 attendees; Organizing the EverRich Infinity sales program with many incentives for customers; The EverRich Infinity project handled the apartments to the first customers. In addition to the chain of impressive sales events, 2016 also marks the 12th anniversary of Phat Dat Real Estate Joint Stock Company’s durable and efficient operation, affirming its position in the coming years.

From the positive results in 2016, the Board of Management of the Company believes that 2017 will be a strong development year for Phat Dat in the fields of investment and business, consolidating its position and belief of Phat Dat brand in the real estate market. In addition to the plan to sell the remaining products from the project; Phat Dat has transferred some other projects to increase profit for the enterprise; take financial initiative to focus on BT projects such as rebuilding Phan Dinh Phung Sport Center in District 3 and the Orthopedic Trauma Hospital in Binh Chanh District; Recall profitable projects; To implement the policy of healthy financial structure and sustainable development. In addition to the development of large projects on existing land, Phat Dat focuses on the development of projects with clean land and valuable land in the center of Ho Chi Minh City, confirming the position of real estate investor with well-invested projects.

With the efforts and determination of the Board of Directors, the Board of Management, all levels of management and all employees, in 2016 total revenue of the company reached 1.496 billion and profit reached 240 billion, completed the plan set in the 2016 General Meeting of Shareholders.

Continuing to bring into play the achievements achieved in 2016, in the meeting, Phat Dat has set a target in 2017 with a total revenue of 2.008 billion and profit before tax of 420 billion. At the same time, financial restructuring is conducted towards reducing inventory, reducing debt to equity and increasing return on total assets, completing financial restructuring and continuing Developing infrastructure projects for land fund.
Following the 12-year period of durable and effective operation, Phat Dat continues to focus on sustainable development, bringing Phat Dat – The EverRich brand to become the leading real estate brand in Vietnam, meeting the needs of customers, the desire of shareholders and successfully completing the tasks set out by the General Meeting.