Global Reputation and Good Execution
Gross Profit and Margin - VAS
Property sale(1)
(VNDbn)
Leasing
(VNDbn)
38.3%
31.2%
23,911
2017
Healthcare
(VNDbn)
27,623
53.7%
45.3%
CAGR: 23.3%
35,643
44,828
2018
2019
2020
Hospitality & Entertainment Services (2)
(VNDbn)
52.4%
51.1%
53.8%
49.0%
15.5%
13.4%
41.9%
13.0%
CAGR: 12.2%
3,249
3,654
3,267
2,838
891
767
1,278
2,310
482
2017
2018
2019
2020
Education
(VNDbn)
5.8%
-2.6%
23.9%
20.0%
20.2%
5.6%
22.0%
23.6%
722
536
CAGR: 11.9%
107
454
531
2017
(68)
2018
Gross profit margin
ā Adjusted gross profit margin (3)
60
60
205
80
(159)
2019
2020
Source: Audited VAS Consolidated Financial Statements for 2017-2019, Audited VAS Consolidated Financial Statements for 2020.
Note:
308
255
(3,492)
2017
2018
2019
2020
Industrials
(VNDbn)
(2,731)
(2,436)
(246)
(5,039)
(7,695)
-13.3%
-29.7%
-44.1%
2017
2018
2019
2020
2017
2018
2019
2020
(1)
(2)
Financial numbers for FY2017-2019 are pro-forma, adding bulk sales and excluding the retail and agriculture segments.
Adjusted for the sales of beach villas to reflect underlying business performance.
(3)
Adjusted gross profit is cash gross profit adjusted for Covid-19 related expenses including charges incurred despite operation being shut down
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