Dat Xanh Services (DXS) established a company specializing in real estate development.

Dat Xanh Services (DXS) has just approved the Resolution to pour 3.6 billion dongs to establish a subsidiary, ASE Land Real Estate JSC. It is known that ASE Land has a total charter capital of 6 billion dongs, its main business is in the real estate segment.

In which, DXS accounts for 60% of charter capital, DXS appoints representatives as Mr. Nguyen Pham Quang Huy and Mr. Nguyen Hoang Duc to represent the above-contributed capital at ASE Land.

Regarding DXS, the Company recently approved the adjustment of the business plan for 2021. Previously, the AGM in 2021 agreed on the target of consolidated net revenue of VND 7,598 billion and profit after tax belonging to shareholders of the parent company reaching VND 7,598 billion. 1,483 billion VND.

However, because the first 9 months of the year were too far from the target, the net revenue was only 3,022 billion dongs and the profit after tax for shareholders of the parent company was nearly 568 billion dongs. Therefore, DXS submitted a new plan, in which the net revenue target was adjusted from VND 7,598 billion to VND 4,200 billion, down 44.7% compared to the original plan. The target of profit after tax belonging to shareholders of the parent company was also adjusted down from 1,483 billion VND to 800 billion VND, equivalent to a decrease of 46% compared to the original plan.

If the adjustment plan is approved, then by the end of the first 9 months of 2021, Dat Xanh Services has fulfilled 72% of the revenue plan and 71% of the assigned profit target for the whole year.