Phat Dat Real Estate Development Joint Stock Company (PDR) recently announced its business plan for 2026-2030, targeting a total revenue of 44.848 trillion VND (over 1.5 billion USD) and a post-tax profit of 11.812 trillion VND. The revenue for 2026 is projected at 3.541 trillion VND, while for 2030 it is expected to reach 16.297 trillion VND. The project development sector accounts for most of the revenue, estimated at 42.344 trillion VND, with 2.308 trillion VND from financial revenue. Currently, PDR has only achieved 28% of its profit plan for 2025 due to modest results. To reach these goals, Phat Dat relies on 6 key projects, of which only 2 have revenue. The financial situation remains tight with total debts reaching 5.892 trillion VND, while net revenue for the first 9 months of 2025 was only 964.4 billion VND. PDR’s shares are currently declining amid market pressures.
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