m88 cá cược trực tuyến Joint Stock Company (HoSE: GEX) has just released its financial report for the first quarter of 2024, showing that business results have had positive changes compared to the same period in 2023.

According to the report, m88 cá cược trực tuyến recorded net revenue and consolidated profit before tax of VND 6.660 billion and VND 385 billion, respectively, an increase of 3.9% and 167.7% over the same period. Gross profit this quarter reached 1.200 billion, down 5.4% over the same period due to the market of electrical equipment & construction materials still facing many difficulties.

At vao m88 end of vao m88 first quarter, GELEX realized 20.6% of vao m88 revenue plan and 20.0% of vao m88 profit plan for 2024.

vao m88 real estate and industrial parks continued to make a strong impression when recording VND 1.239 billion in net revenue, an increase of 0.5% over vao m88 same period in terms of business segments. Although net revenue was equivalent to vao m88 same period last year, gross profit margin in this segment increased sharply, reaching 50% compared to 37.8% in vao m88 same period, so gross profit reached 619 billion VND, an increase of 32.8%.

This is the segment that always stands firm, records positive growth and continues to be GELEX’s investment focus in the coming time. Viglacera, a member unit of m88 cá cược trực tuyến, was also approved for investment projects in Doc Da Trang Industrial Park (288 hectares) and Song Cong II Industrial Park (296 hectares). Previously, the unit also announced Green & Smart Industrial Park – “Thuan Thanh Eco-Smart IP” in Bac Ninh province.

In addition to developing industrial park infrastructure at Viglacera, GELEX continues to promote cooperation with Frasers Property Vietnam to deploy ready-built factory and warehouse projects as well as start construction on two more high-end real estate projects that meet green building standards, that is Industrial Centre Yen My (started 21 March 2024) and Industrial Centre Dong Mai (starting construction March 23, 2024).

Perspective of Yen My Industrial Centre Project in Yen My Industrial Park, Hung Yen.

These industrial parks are built with customer-focused criteria, meeting green building standards (LEED) and aiming for sustainable development. This is also a stepping stone for GELEX’s real estate and industrial park segments to move towards growth in vao m88 near future.

In vao m88 electrical equipment segment, net revenue this quarter reached VND 3.605 billion, up 12.2% over vao m88 same period. And utility infrastructure (including energy & clean water projects) recorded revenue of VND 389 billion, down 3.3%; vao m88 construction materials segment reached VND 1.416 billion in revenue, down 7.9% over vao m88 same period.

Another positive point in vao m88 quarter is that interest rates decreased compared to vao m88 first quarter of 2023, leading to a decrease in financial costs, and an increase in financial revenue during vao m88 period also contributed to vao m88 profit growth of vao m88 first quarter of 2024 compared to vao m88 same period.

Previously, on March 28, 2024, m88 cá cược trực tuyến held its annual General Meeting of Shareholders, approving the targets of consolidated net revenue of 32.303 billion VND, consolidated profit before tax of 1.921 billion VND, an increase of 7.7% and 37.5% respectively compared to 2023 implementation.

Regarding development orientation, GELEX will restructure its investment portfolio, in which electrical equipment, industrial park infrastructure development and industrial real estate, and renewable energy are still vao m88 top priorities in vao m88 investment strategy of Group.

vao m88 company will also invest in R&D activities; Develop a partner ecosystem with leading multinational corporations and always pay attention to sustainable development through building a business strategy consistent with core competencies and gradually applying effectively vao m88 integrated management framework of ESG (Environment – Society – Governance).