Vicostone ranked in Viet Nam’s 50 Top listed companies in 2020

Wednesday, Jun 03, 2020 14:39

Vicostone 's high-quality quartz-based engineered stones under VICOSTONE® Quartz Surfaces brand shipped to more than 40 countries. — Photo courtesy of the company

Vicostone Joint Stock Company (VCS), a member of PHENIKAA Group, has been recognised as one of Viet Nam’s 500 Top listed companies in 2020 by Forbes Vietnam.

This is the sixth consecutive year the company has received this recognition, which takes into consideration the characteristics of the listed businesses including revenues, return on equity (ROE), return on capital (ROC), earning per share growth in the 2015-19 period as well their contribution to the country’s socio-economic development.

According to Forbes Vietnam, this year’s listing saw a new record with after-tax profit of 50 companies this year reaching more than VND138.70 trillion (US$5.93 billion), up 8.7 per cent year-on-year.

Vicostone is among five Ha Noi Stock Exchange-listed enterprises being ranked on the listing thanks to its good business performance in 2019, the company said in a statement.

In 2019, the company’s revenue exceeded VND5.59 trillion, a yearly hike of 22.5 per cent. Its pre-tax profit also saw a positive increase of 25.3 per cent to over VND1.65 trillion.

Last year, Vicostone generated $182.3 million from exports, surging 30 per cent over the previous year.

From now until year-end, the company will focus on digital transformation in production, business and corporate governance to adapt to the developments of the economy, market and technology.

It will continue to ensure its presence in traditional markets while seeking new outlets, in addition to developing new products to better meet the needs of customers.

Founded in 2002, Vicostone Joint Stock Company specialises in manufacturing and supplying high-quality quartz-based engineered stones under VICOSTONE® Quartz Surfaces brand. The company’s products are shipped to more than 40 countries including the US, Canada, the EU and Australia. — VNS

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