NEW GROWTH BREAKTHROUGH OF KOSY GROUP
Hallmark of the century
Those who have experienced the ups and downss of the real estate market before, shall understand the value of the effort, trying to overcome all circumstances, especially with the Kosy Group, as the segment that the company is pursuing is considered the “hardest” – real estate in the provincial areas.
Established in 2008, from the role of a contractor of civil construction, road and bridge construction, irrigation and ground leveling, Kosy Group has started to invest in developing real estate projects. In Lao Cai, Bac Giang and Thai Nguyen … With the “sustainable value creation” concept, Kosy Group has gradually overcome and harvested sweet fruits in the difficult market conditions when the estate starts recovering and exciting again.
Kosy Complex Ha Noi – one of the key project in the near future
If the period of 2008 – 2014 is the period of accumulation of land fund, finance, 2015 – 2017 is the period of outstanding growth of this business. Especially, in 2017, Kosy Group has reached new heights. Not only the leap growth of business results with sales of more than 410 billion (3 times more than 2016), Kosy Group also significantly changes its development strategy. In addition to strong revenue growth from projects such as Kosy Lao Cai, Kosy Bac Giang, Kosy Cau Go, Kosy Gia Sang, Kosy Song Cong, Kosy’s financial background also grew steadily. While debt levels remained relatively low, other financial targets, such as ROE and ROE, were good.
In 2018, Kosy set a sales target of 1500 billion and sales reached 700 billion. At the end of the first six months of this year, Kosy’s revenue was recorded at VND321 billion, or 46.43% of the full year target, with a profit of VND28 billion.
Showing the confidence with the turnover target set up, Dr.Nguyen Viet Cuong, Chairman of Kosy Group, said: “From now to the end of the year, with the plan to deploy more new projects, we completely have ground and confidence on the fact that that it will exceed the targets set at the beginning of the year, which could increase to VND180 billion or VND2,000 billion, which could be over VND 800 billion.
The plan is promising
With the leadership of Kosy Group, the results of business growth reflect the vision and strategic management thought that have been built up and formed by Dr. Nguyen Viet Cuong, Chairman of the Board of Directors of Kosy Group, from the start-up of the Group. Our long-term orientation is to become the leading multinational corporation in Vietnam by 2025.
By the end of November, Kosy Joint Stock Company, the largest member of the Kosy Group, has officially become a public company and registered to list successfully with the stock code KOS. This important move brings Kosy Group a new position, a new opportunity. Not long ago, Kosy JSC has offered to raise capital to VND1,037.5 billion, ensuring a better financial foundation and stronger competition for its real estate projects.
Kosy’s new funding use strategy in the coming time is to focus on real estate – a key business area, and expand to new areas such as hydropower and renewable energy with the solar projects in Binh Thuan and hydropower projects in Lai Chau …
Increased capital will help Kosy improve its capacity, modernize its facilities and equipment, control its construction quality, directly serve the management, operation and development of new projects to meet the demand of competition in the context of the real estate market today. Successful fundraising will be the first step for Kosy to expand its operation scale in terms of both width and depth.
Especially, in August, 2018, Kosy will open a representative office in Ho Chi Minh City, staring to penetrate the South market”, set foot in the excitingreal estate market in the South with many opportunities but also extremely fierce.
This representative office will be the starting point, bringing Kosy closer to and deepening into a larger, more vibrant market where financial resources are abundant, and opportunities for cooperation with major partners. more open. These are the necessary resources to accompany Kosy’s development in the future./.