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DXG [BUY +27.3%] - Stellar 1H15 and new project acquisitions boost prospects - Update

Company Research

08 Sep 2015

Net revenue grew by 82% and NPAT (after minority interest) grew by 191% in 1H15 versus same period last year to reach VND384 billion and VND153 billion, respectively thanks to outstanding brokerage growth and extraordinary income from 2 new project acquisitions at under book value; normalized NPAT growth was still impressive at 111%. Revenue from real estate development was minimal due to slightly delayed hand-over of Sunview Town.
Tags: DXG

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