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Tóm tắt:
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2011 earnings dropped in absence of real estate income – In 2011 the company made VND4,247bn in revenue (+33% YoY) and VND279bn in net profit (-57% YoY). If we exclude the extraordinary income of VND412bn from the sales of Sai Gon Kim Cuong, normalised earnings growth is 11% in 2011. Gross margin slightly improved from 39.1% in 2010 to 39.4% in 2011 while SG&A increased significantly by 41%. Cash dividend is VND2,400/share, generating 5.7% dividend yield. KDC has already paid VND1,200/share in April 2012.
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