Construction firm listed on HOSE

Wednesday, Oct 03, 2018 15:56

Cao Tung Lam, chairman of Phuc Hung Holdings Joint Stock Company beats the gong to list its shares on the HCM City Stock Exchange. — VNS Photo

More than 20.8 million shares of Phuc Hung Holdings Joint Stock Company were officially listed on the HCM City Stock Exchange on Wednesday. The shares, coded PHC, will be traded from a starting price of VND15,000 (US$0.64) with total listing value of VND208 billion.

The firm has seen high revenue growth from VND1.46 trillion in 2016 to VND2.1 trillion in 2017.

The company earned revenue of over VND1.3 trillion in the first half of the year which was equivalent to 90 per cent of the whole of 2016 and 62 per cent of the whole of 2017.

After-tax profit in the six month period rose by 2.2 times from the same period last year to reach VND28 billion, meeting 48 per cent of the set targets. Earnings per share (EPS) in the period was VND1,337 per share.

Established in 2001, Phuc Hung Holdings is a member of Viet Nam Construction and Commercial Investment Corporation (Constrexim Holdings).

PHC shares were first traded on HNX with charter capital of VND30 billion in 2009.

In 2010, the company decided to separate from its parent company – Constrexim Holdings.

It has become a general contractor of more than VND1.3 trillion worth of projects, such as CT1 Gamuda, Block C, D, K from Kenton Note and other projects. It was named as one of top 10 most prestigious contractors in Viet Nam in 2018 by Viet Nam Report.

By the end of September, the company’s charter capital reached VND210 billion and total assets of VND1.9 trillion.

The company has always focused on its key sector as revenue from construction accounts for over 90 per cent of its total revenue.

It is expected to sign VND3 trillion and VND3.6 trillion for construction projects in 2018 and 2019 respectively. — VNS

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