The Refrigeration Electrical Engineering Corporation (REE) announced its 2024 revenue plan to reach 10,248 billion VND, a 22% increase from last year, with a post-tax profit of 2,427 billion VND. The real estate sector sees remarkable growth, planning profits of 800 billion, contributing one-third of the company’s total profit. REE Land targets a revenue of 846 billion and a profit of 262 billion VND, corresponding to increases of 10.5 and 8 times compared to 2024. The office rental segment, with a high profit margin (over 51%), is projected to earn 1,069 billion VND in 2024, despite a slight profit drop. REE currently leases 12 office buildings with a 92.4% occupancy rate. In 2025, revenue from office rentals is expected to reach 1,267 billion VND, an 18.5% increase. The company believes in a strong recovery of the real estate market, despite facing several challenges.
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