Gemadept : among Vietnam’s 50 best-performing companies
June 20, 2017 at 04:54 am EDT
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On 9 June, 2017, at the biggest annual awarding event held by Nhip Cau Dau Tu magazine, Gemadept Corporation was honored among Vietnam's 50 best-performing companies (TOP 50). The event marked the 6 anniversary of TOP 50 program by Nhip Cau Dau Tu. In the ranking process, listed companies were surveyed and ranked using the international scientific measurement methodology along with the counsel from financial analysis experts of Thien Viet Securities (TVS), Vietnam Investments Group (VIG), Vietnam Capital Partners (VCP), some of whom were Harvard Business School graduates, as well as with reference to many prestigious rankings from renowned publications such as Bloomberg Businessweek, Fortune and Forbes. The Council of Advisors of TOP 50 project maintained the following 3 conditions that companies must satisfy to be chosen: (1) Being listed on HOSE and HNX with market capitalization of VND 1,500 billion or more; (2) Revenue in the three years preceding the survey year is VND 250 billion or more; (3) Net profit in the three years preceding the survey year is VND 25 billion or more. Other criteria being considered by the Council comprised: SR-CAGR, ROE, stock return in the past 3 years. In the TOP 50, Gemadept was ranked among the 3 representative enterprises of Port operation and Logistics industries. Last year, despite domestic market difficulty in the context of global economic and political changes, with its flexible management policies, active prevention of risks, efficiency improvement, proper capture of opportunities, and especially with valuable support from customers, partners and authorities, Gemadept successfully outperformed its business targets. Specifically, the Corporation's revenue reached VND 3,744 billion and profit before tax reached VND 481 billion. Towards mid-term development goals by 2020, the Corporation continues to develop key projects in its core businesses including Port Operation and Logistics in order to better meet the increasing demand of the market while Vietnam economy has shown prosperity signals. Vietnam's GDP growth was projected at around 6.5%, leading the Asian region, by IMF in April. This is a good premise for Gemadept in particular and Vietnamese enterprises in general in the process of developing, increasing the scale and scope of business, contributing to boost the national economy.
Gemadept Corporation published this content on 20 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 June 2017 08:54:04 UTC.
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Gemadept Corporation is a Vietnam-based shipping company engaged in the marine freight transportation industry. The Company offers multimodal freight transportation services, including containers and oversize freight, by deep sea, inland water, land and air. The Company is also involved in the operation of marine ports, river ports and airports, as well as the provision of cargo handling services. Other activities include the provision of logistics services, the operation of warehouses and storage yards, liner agency, container agency, freight forwarding, ship building, vessel and transportation equipment leasing. In addition, the Company develops commercial properties and plants rubber trees.