FLC Joint Stock : Group expects 22.4 million USD of QII profit

Mr. Trinh Van Quyet, FLC Group's Chairman chairing the Meeting.

On June 7, FLC Group held the 2016 Annual Shareholders' Meeting to approve all the submissions, including consolidated sales target of 313.5 million USD, profit before tax of 53.75 million USD.

Estimated QII/2016 profit of 22.4 million USD

At the 2016 Annual Shareholders' Meeting, FLC Group leaders said that the consolidated sales target of 313.5 million USD and profit before tax of 53.75 million USD are feasible as the estimated profit in QII alone has reached 22.4 million USD.

Contributing to the sale revenue, besides real estate, FLC Group will operate FLC Samson Resort, FLC Vinh Phuc Resort and FLC Quy Nhon Resort this year.

FLC Group introduction film.

To implement business projects in 2016, FLC Group will issue shares to increase charter capital to nearly 317.79 million USD. This was approved in the previous Shareholders' meeting.

Along with that, corporate governance solutions are focused. The Board of Directors continues to perform production and business activities in a sustainable manner, efficiency product structure, market development towards diversification, innovation and effective governance management.

Shareholders approving targets at the meeting.

FLC Group will continue to acquire housing projects to develop; expand into potential business segments such as agriculture, pharmaceuticals, health care; attract and retain high-quality human resources by a favorable working environment and payroll mechanism.

Mr. Luu Duc Quang, FLC Group's Board member presenting performance document.

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 is 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.

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.

Mrs. Huong Tran Kieu Dung, FLC Group's General Director answering shareholders' questions.

As for residential real estate, FLC Group has implemented several projects in Hanoi such as FLC Twin Towers Cau Giay 265, FLC Complex 36 Pham Hung; FLC Garden City; FLC Star Tower; Green Home FLC, FLC Ecohouse Long Bien, etc. with 14 buildings, a total investment of 447.9 million USD.

FLC Group also invests industrial parks and high-tech agriculture, with FLC Hoang Long Industrial Park in Thanh Hoa, with the total investment of 103.02 million USD, started in September 2015.

Shareholders voting in the Meeting.

FLC Group was voted to be 1 of the 2 most prestigious real estate corporations in Vietnam in 2016 by Vietnam Report.

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.

Mr. Trinh Van Quyet talking with shareholders.

Owning to speedily constructed projects with quality and efficiency, FLC Group has established its solid foothold in the market, gained trust from local government, partners, customers and investors.

As of the end of fiscal year 2015, FLC Group posted consolidated revenue of more than 237.7million USD, up 258% yoy; profit before tax of 51.7 million USD, up 255% yoy; 33.4 million USD of dividend paid, up 15 times; paid 12.4 million USD to state budget, up 150% yoy.

FLC Group's Board of Directors and Supervisory Board tenure 2016 - 2021.

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