Khang Dien House Trading and Investment Joint Stock Company (stock code: KDH), headquartered in Ho Chi Minh City, recently announced its Q2/2024 financial report, recording a revenue of VND 644 billion, up 9.8% compared to the same period, and a 36% increase in financial activity revenue to VND 10.4 billion.
After deducting expenses, the company’s net profit was VND 280 billion, up 9.3% year-on-year. For the first six months of the year, Khang Dien recorded a total revenue and net profit of VND 978 billion and VND 344 billion, respectively, a decrease of 2.8% and 24.7% compared to the same period.
As of the end of Q2/2024, the company’s cash and cash equivalents stood at VND 2,561 billion (down VND 1,000 billion from the beginning of the year), with fixed-term bank deposits with original maturities of no more than three months accounting for 79%, at VND 2,206 billion.
As of June 2024, the company had 255 employees, down 3 people from the end of 2023; total personnel expenses were VND 55.6 billion. Thus, on average, each employee of this real estate company received approximately VND 36 million per month, which is VND 8 million higher than the previous year.
Khang Dien is the real estate company that pays the highest salary to its employees in the first six months.
Following this, Phat Dat Real Estate Development Joint Stock Company (stock code: PDR) – one of Ho Chi Minh City’s leading real estate developers, recorded a salary expense of VND 27.2 billion in Q2/2024, an increase of VND 2.8 billion compared to the previous year.
This could be due to the fact that Phat Dat had 278 employees as of June 2024, an increase of 21 people compared to the end of 2023. Based on this number of employees in Q2, the estimated salary per person was approximately VND 32.6 million per month, nearly double that of the previous year.
In terms of business results for Q2/2024, the company achieved a revenue of VND 8.2 billion, three times higher than the same period last year. However, thanks to financial revenue, Phat Dat reported a post-tax profit of VND 49.7 billion, a decrease of 82% compared to the previous year.
For the first six months of the year, Phat Dat recorded a 12% year-on-year decrease in revenue to VND 170 billion and a 66% year-on-year decrease in post-tax profit to VND 102.4 billion, completing 12% of its 2024 profit plan.
DXG Land Corporation (stock code: DXG) had approximately 2,443 employees as of June 2024, a decrease of 25 people compared to the end of 2023, and a salary expense of VND 157.9 billion, a slight increase from the previous year. On average, each employee of Dat Xanh received a salary of nearly VND 10.8 million per month, slightly higher than the previous year.
For the first half of 2024, the company’s revenue and net profit doubled and increased by 4.3 times compared to the same period last year, reaching VND 2,191 billion and VND 171 billion, respectively.
As of the end of Q2/2024, the value of the company’s cash and cash equivalents increased significantly by 287% compared to the end of 2023, from VND 276 billion to VND 1,069 billion.
