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HCMC hospitality giant posts surging profits

HCMC’s biggest event space operator In Hospitality saw post-tax profits surge 11-fold to VND130 billion ($5.5 million) last year.
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HCMC’s biggest event space operator In Hospitality saw post-tax profits surge 11-fold to VND130 billion ($5.5 million) last year.

HCMC hospitality giant posts surging profits

Its equity rose 22% to VND670 billion, and its debt fell 17% to VND308 billion, including VND33.5 billion in bonds, according to the company’s latest financial report.

In Hospitality manages the biggest conference facilities in HCMC such as the Gem Center in District 1, White Palace in Phu Nhuan District and White Palace Pham Van Dong in Thu Duc City.

Many of its locations are used for interactions between artists and their fans or for companies to launch new products.

The company is developing two new event centers in Hanoi and Can Tho City.