Hoa Sen Group (HOSE: HSG) recently reported its Q3 financial results for the fiscal year 2024-2025, with consolidated revenue of 9.509 trillion VND and a net profit of 273 billion VND. Over nine months, the cumulative revenue reached 28.824 trillion VND, surpassing the planned profit of 400 billion VND and 500 billion VND. As of June 30, total assets slightly decreased to 19.140 trillion VND, but advance payments increased to 900 billion VND related to a major land transfer agreement in Long Thanh, Dong Nai. Hoa Sen aims to develop a high-class urban area covering 600-700 hectares in Long Thanh, a region with robust transport infrastructure. Chairman Le Phuoc Vu emphasized that Hoa Sen will utilize resources from its core business for long-term real estate investment. In the stock market, HSG shares rose by 51% compared to the end of April.
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