Phat Dat Chairman: Expected to collect 1 trillion debt from Danh Khoi in the next 6-12 months, planning to buy 1-2 additional projects in Q2

Mr. Nguyen Van Dat, Chairman of Phat Dat Real Estate Development Joint Stock Company (PDR), announced during an investor dialogue event that the company expects to collect over 1 trillion VND of debt from Danh Khoi within the next 6-12 months. In 2024, PDR plans to launch 6 projects with total revenue of approximately 40,000-50,000 billion VND, with Quy Nhon Iconic and Thuan An 1 contributing significantly. The company is considering M&A of additional 1-2 projects in Q2 to expand land reserves in Binh Duong, Dong Nai, and Ba Ria-Vung Tau. Mr. Dat also mentioned an investment of 600 billion VND into a property to develop model houses for upcoming projects, while forecasting 2024 revenues to triple compared to 2023, reaching 2,017 billion VND and a net profit of 522 billion VND. PDR’s total assets are projected to reach 24,100 billion VND by the end of 2024, an increase of about 15% compared to the beginning of the year.