FLC sets revenue target at 267 million USD in 2016

FLC sets revenue target at 267 million USD in 2016

Thứ Tư, 27/01/2016, 08:13

This is the target set by FLC Group’s Board of Directors at the Year-end Seminar, which summed up business activities in 2015 and oriented for performance in 2016.

The seminar was held at FLC International Convention Center on January 1, 2016, attended by all FLC Group’s leaders and representatives of more than 1,000 employees.

The year 2015: Breakthroughs

In 2015, FLC Group pursued promoting M&A activities of real estate projects, among which FLC Twin Towers at 265 Cau Giay is a typical example, raised the total investment in acquired projects in Hanoi to 449 billion USD.

FLC Group Chairman Trinh Van Quyet, General Director Huong Tran Kieu Dung and Deputy General Director Dam Bich Ngoc answering questions at the Seminar.

Beside acquisition and deploying real estate projects in Hanoi, FLC Group is simultaneously developing several resorts all over Vietnam.

One of the highlight of this segment the grandiose FLC Samson Beach and Golf Resort in Thanh Hoa, with an area of over 200 hectares, total investment of 247 million USD, 9-month construction time, which was opened in July, 2015.

Within 6 months of operation, FLC Samson Beach and Golf Resort has welcomed tens of thousands of visitors, become the ideal venue for economic – cultural - sport events, contributed to cast a new look to Samson's tourism sector, and elevated Thanh Hoa's  position on the tourism map domestically and internationally.

General Director Huong Tran Kieu Dung presenting Review Report for 2015 and Target Plan for 2016.

In Binh Dinh, FLC Group has inaugurated FLC Quy Nhon Luxury Resort in May, 2015. The project has a total investment of 157 million USD, covers an area of 300 hectares. In here, FLC maintains the reputation of holding speedy construction progress by completing the golf course in 5 months, setting the world's record. In January 30, FLC Group officially opened FLC Quy Nhon Golf Links, one of the most stunning golf courses in Asia. The entire 300-hectare complex is expected to be opened in QI/2016.

In Vinh Phuc, FLC Group has implemented FLC Vinh Thinh Resort with the total investment of more than 224 million USD. The project will be put into use in February, which is expected to be a signature weekend destination for travelers in the North of Hanoi.

With a series of projects, the total value of FLC's real estate investment has reached approximately 2 billion USD according to Savills, an international real estate company, in which projects implemented in 2016 are not accounted for.

Besides real estate as the major investment sector, FLC Group also operates in other segments such as tourism, travel, consumer retail distribution, education and training, labor export, healthcare, technology, agricultural chemicals... and achieves outstanding results, consolidates the position in the market, gains trusts from business partners and customers. These sectors are positively contributing and complementing the core activity and overall business performance of FLC Group.

More than 1,000 employees attending the Seminar.

In the stock markets, FLC Group always attracts huge attention from domestic and foreign investors. FLC remains the most active code with the largest market liquidity, retains to be in VN30 - the 30 largest shares in terms of capitalization and liquidity, recognized by the Ho Chi Minh City Stock Exchange as positively affects the market.

In the early 2015, FLC Group has successfully held the "Opportunities and Potential of FLC Group" Conference, attracting over 2,000 investors. Along with a series of events for other investors during the year, FLC Group proved to be transparent, which is one of the core values set by the company’s leaders.

As of the end of fiscal year 2015, FLC posted charter capital of 238 million USD; revenue of over 247 million USD, up 150% compared to 2014; pre-tax profit of 52 million USD, up 180%; 34 million USD of dividend paid, up 15 times; paid 15 million USD to state budget, doubled compared to 2014. As of the end of 2015, FLC Group employed 3,000 staff.

New employees questioning the Board of Directors.

The year 2016: Consolidating FLC Group brand name

Based on the performance in 2015, in 2016, FLC Group sets target of 269 million USD of revenue, which is considered to be feasible. FLC also plans to strike the market with thousands of real estate products all over the countries, put several major projects into operation.

This year, FLC Group will carry on the following projects: FLC Twin Towers at 265 Cau Giay, FLC Complex Tower at 36 Pham Hung; FLC Star Tower in Ha Dong, FLC Garden City in Dai Mo, FLC Green Home at 18 Pham Hung, Hanoi, Townhouse in Southern Thanh Hoa City, Samson coastal villas.

In the resort sector, besides Phase II of FLC Samson Beach & Golf Resort, FLC group will open FLC Quy Nhon Luxury Resort and commence the beach and golf resort in Quang Binh in June 2016.

Thereby, in 2016, FLC will strike the market with more than 2,500 apartments, 1,000 villas and townhouses, more than 1,000 hotel keys and villas, 2,300 m2 of real estate for commercial rent.

Besides, FLC Group will acquire some housing projects from other investors; merge and acquisite potential companies, continue to research and expand into new business fields such as agriculture, pharmaceuticals, health care, science – technology, etc.

At the Seminar, FLC Group leaders also answered questions from the staff, the majority of which have just recently joined the company in 2015. The questions related to the development strategy, corporate culture and payroll – bonus policy. All were answered thoroughly with details.

Last but not least, the seminar also summed up extracuriculum activities of the company such as FLC Got Talent 2015, Miss FLC 2015, FLC Football Championship 2015, etc., praised the individuals with outstanding contribution to the company over the past year.

Photos of the seminar:

FLC Group Chairman Trinh Van Quyet awarding certificates of merit for outstanding teams in 2015.

General Director Huong Tran Kieu Dung awarding certificates for outstanding individuals in 2015.

Art performance by FLC Group’s staff.

FLC Got Talent 2015 judges.

Miss FLC 2015 contest.


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