The recognition has proven the two companies'' strong foundation of systems, technology, and personnel resources in addition to their proactive and flexible business strategies, and sufficient investments in research and development in 2023.
In total, the company''s net revenue and profit before tax surpassed VND5.66 trillion and VND1.37 trillion in the whole year of 2022, pursuant to its consolidated business results released on Tuesday.
The recognition affirmed the company''s leading position in the industry sector and its stable development in term of revenue growth, in both the domestic and international markets.
This is 5th consecutive year Phenikaa and 6th consecutive year its member companiy - Vicostone JSC have been listed in the top 500 most profitable enterprises in Viet Nam.
In the first nine months of 2022, Vicostone - a member of Phenikaa Group, reported over VND4.43 trillion in net revenue, more than VND1.1 trillion in pre-tax profit and VND941 billion in after-tax profit.
Vicostone Joint Stock Company, a member of Phenikaa Group, has estimated its net revenue and pre-tax profit at VND1.72 trillion and VND439.8 billion in the second quarter of 2022, down 3.8 per cent and 16.91 per cent year-on-year, respectively.
Vicostone Joint Stock Company, a member of Phenikaa Group, has announced net revenue of over VND1.6 trillion (US$69 million) in the first quarter of this year, up 3.67 per cent year-on-year.
Vicostone Joint Stock Company (HNX: VCS), a member of Phenikaa Group, posted respective year-on-year increases of 11.76 per cent and 2.48 per cent in its net revenue and pre-tax in the fourth quarter.
This is the sixth consecutive year Vicostone has been listed in this ranking, which recognises the endless efforts and proactive adaptation the company has made in recent years, while affirming its solid governance foundation, sustainable business development and efforts creating long-term value for the community.
Phenikaa Group has deeply penetrated into the industrial sector with the launch of a smart electronics factory in 2021 with an investment capital of nearly VND1 trillion (US$43 million) for the first phase in order to catch up with the fourth industrial revolution.
Virtue of strong adaptive capacity, timely transformation in connection with market changes and solid corporate governance in pursuance of sustainable development has helped Vicostone overcome the challenges and uncertainties d by the outbreak.