Phat Dat honored in the 2018 VNR500 Ranking Board

PDR is honored VNR500 2018 – Top 500Largest Enterprises.

Thanks to impressive revenue and profit growth, Phat Dat Real Estate Development Corporation (ticker: PDR) is remarkably named in the VNR500 held on 16 January 2019 by Vietnam Report in cooperation with VietnamNet.

Today, 16 January 2019, the 2018 VNR500 was officially launched at Rex Hotel, HCMC, by Vietnam Report in cooperation with VietnamNet Newspaper.

This is the 12th consecutive year that VNR500 is officially announced to honor the best performers in the 2018 financial year.

The VNR500 Award is voted based on international and independent standardized research and evaluation results released annually by Vietnam Report, since 2007 by VietnamNet. The ranking mainly is evaluated by total gross revenue but also based on other criteria such as profit, growth rate, manpower, assets and communication prestige which are considered contributing factors that successfully shape the giants.

Mr. Bui Quang Anh Vu – Deputy CEO of PDR shared that the 2018 revenue is expected to peak at VND 2,100 billion, which mainly originates from entire shop-house and remaining The EverRich Infinity apartments, sales of property products, property transfer and service contracts signed with its partners. PDR’s 2018 profit after tax would successfully fulfill the plan approved by the Annual General Shareholders’ Meeting, i.e., VND 640 billion. This profit was mainly obtained from sales of remaining products of the EverRich Infinity, trading in real estates, cooperation for project investment and development with the partners and company’s asset transfer.

Established in 2004, PDR’s brand positioning strategy has been clear and consistent with the launch of the “The EverRich” brand which incorporates The EverRich 1 and The EverRich Infinity – two high-end and commercial condominium complexes, and Millennium, a high-end condominium. That is why Phat Dat brand has been acknowledged as the most outstanding fame of the Southern real estate market.

Recently, with the official sales ceremony of Phat Dat Bau Ca Residential Area Project located in the heart of Quang Ngai City, held on 12 January, boosted breakthrough in 2019 in terms of business strategy.

Legends: Mr. Bui Quang Anh Vu – Deputy General Director of PDR in the VNR500 Ceremony