With such estimation, KLF has witnessed an increase by 830% in profit as compared to previous year’s term and fulfilled half of its way to the finish line for 2014’s profit target.
According to KLF, in the second quarter of 2014, its profit was roughly 25 bil, 9.3 times higher than the figure recorded from April to June 2013. Hence, the accumulated profit for the first 6 months of 2014 was approximately 45 bil, 830% higher than the recorded profit for 2013’s first half.
In 2013, the company enjoyed 391 revenue, 34.5 bil profit after-tax – 8% higher than the projected 32 bil. Coming to 2014, KLF confidently set its sale target at 900 bil and 82 bil profit after-tax.
According to the Submission for Approval at the Annual General Shareholders’ Meeting year 2014, KLF expects its charter capital to rise to 1,480 bil with the additional stock issuance to existing shareholders at 1:1 pro-rata. This capital mobilization activity is reserved for the FLC Complex 36 Pham Hung project – which is co-invested by both FLC Group and KLF Global. Meanwhile, KLF is also pursuing an acquisition targeting one 3-star hotel in District 1, HCMC.
Prior to those projects, KLF has finished its acquisition over Ha Thanh hospital (located on Hoang Cau Street, Dong Da district, Ha Noi) and become the exclusive distributor of a well-branded powder milk producer in Australia since May, 2014.