Viettel Construction's positive results in the third quarter have contributed significantly from the integrated solutions segment, commercial sales when bringing in revenue of VND 291 billion, up 56% over the same period last year. The promotion of rooftop solar power installation is an important driving force for Integrated Solutions to make a strong breakthrough in the quarter.
Investment real estate (infrastructure for lease) also brought in nearly 22 billion dongs in revenue in the third quarter, a sharp increase compared to 1.8 billion dongs in the same period last year.
Operation and exploitation, the main field of Viettel Construction, also recorded a growth of 14% in the third quarter and brought in revenue of VND 857 billion.
Although the Construction sector no longer contributes to Viettel Construction's No. 1 position, it also brought in nearly VND 380 billion in revenue in the third quarter, up 22% over the same period last year.
In 9 months, Viettel Construction achieved revenue of VND 4,235 billion, up 15%, and profit after tax of VND 168.3 billion, up 35% over the same period last year.
Năm 2020, Viettel Construction đặt kế hoạch lãi ròng 199 tỷ đồng và với kết quả thực hiện được sau 9 tháng, công ty đã hoàn thành 85% chỉ tiêu đề ra.
At the end of Q3 / 2020, the total assets of Viettel Construction reached 3,461 billion VND, in which the balance of cash and equivalent reached 967 billion VND, an increase of nearly 160 billion compared to the beginning of the year. The historical cost of fixed assets increased 155 billion VND from the beginning of the year to 517 billion VND; The cost of real estate investment (serving infrastructure for rent) is 195 billion VND, up sharply from 27 billion at the beginning of the year.
At this time, the Military Telecommunications Industry Group (Viettel) will conduct an auction to reduce the ownership rate at Viettel Construction, Viettel Post, and Viettel Design Consulting Joint Stock Company, which are considered notable capital sales deals, at the end of the year.
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