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Novaland Q4 profit soars to three-year high

Novaland Q4 profit soars to three-year high

Property developer Novaland said post-tax profits rose 13-fold year-on-year in the last quarter to VND1.64 trillion (US$67.19 million), the highest in three years. Revenues declined by 37% to VND2.03 trillion. In December the company managed to restructure bonds worth $300 million by rolling some of them over and converting others …

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