Vinpearl, which manages resorts, theme parks, and golf courses owned by Vietnam’s wealthiest tycoon, Pham Nhat Vuong, reported a significant increase in revenues of 45%, amounting to VND2.44 trillion (approximately US$94 million), for the initial three months of the year compared to the same period last year.
The company’s gross profit jumped 83% to VND450 billion, as per its most recent financial statement.
According to the statement, the outcomes were driven by a strong resurgence in national demand for travel, gatherings, and leisure activities. This was complemented by efforts to improve customer interactions and streamline operations at all of Vinpearl’s locations.
During the initial quarter, the number of guests increased to
Vinpearl hotels
Rose saw an 18% rise, whereas VinWonders entertainment complexes attracted 1.6 million visitors, marking a 29% jump compared to the prior year.
The firm additionally noted robust attendance figures from major source regions like India, the Middle East, the U.S., and Europe.
This year, Vinpearl intends to rapidly broaden its facilities, including the launch of new hotels, theme parks, and golf courses. The corporation targets achieving VND14 trillion in sales and VND1.7 trillion in after-tax earnings.
Vinpearl stands out as a premier player in the hospitality and tourism sector, managing 48 establishments spread across 18 locations. The firm is gearing up for an initial public offering and anticipates listing its shares on the stock market come May.
Initially, Vinpearl was traded on the Ho Chi Minh Stock Exchange using the symbol VPL starting from early 2008. By late 2011, however, Vinpearl underwent a merger with another firm to create Vingroup, during which VPL shares were exchanged for VIC shares.
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