VICOSTONE NAMED IN ASIA’S TOP 200 BEST UNDER A BILLION 2018

  • 02/10/2018
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Outperforming 23,800 enterprises from 108 different industries, Vicostone and two other Vietnamese companies were named in the Asia’s 200 Best Under A billion by Forbes Asia Magazine.

This year, among nearly 24,000 businesses in 108 different industries, Forbes thoroughly considered and shortlisted to enter the final round 1,400 public companies with revenues between 5 million USD and 1 billion USD in three consecutive years. These companies were audited by Big 4 international auditing firms, and have the highest profit margins in their industries. From these finalists, Forbes Asia selected 200 highest-performing Asia-Pacific companies whose revenues are under $1 billion.

The majority of the listed firms are from Japan, China (including Hong Kong and Taiwan). Notably, three Vietnamese companies made it to the list: Vicostone Joint Stock Co (VCS), Power Engineering Consulting Joint Stock Company 2 (TV2) and Binh Duong Mineral and Construction Joint Stock Company (KSB).

Among the three Vietnamese companies in the TOP 200 list, Vicostone achieved the most impressive growth in revenue and profit in recent years. Specifically, the firm’s turnover in 2015 reached VND 2,648.2 billion, increasing 25.7% from the previous year (VND 2,106.8 billion). In 2016, its revenue increased by 22.4% compared to 2015, reaching VND 3,242.1 billion. In 2017, the figure was VND 4,476.6 billion, an increase of 38.1% in comparision to that of 2016.

High quality VICOSTONE quartz stone

In terms of profit, Vicostone's profit in 2015 was over VND 404 billion. In 2016, its profit reached nearly VND 676 billion, up 67%; and continued to grow 64.4% in 2017, to over VND 1.111 billion. Market capitalization currently stands at VND 15,520 billion.

According to Pham Anh Tuan, General Director of VCS, the company is continuing to develop its core business of producing eco-friendly, high-tech materials under the quartz stone brand Vicostone, which is currently in the top four in the international market. "Concentrating on scienctific research and technology development is the key that has been and will continue to create long-term competitive advantages and a sustainable development platform for Vicostone. Our goal in the near future is to make Vicostone in the top 3 quartz stone brands in the world,” Mr. Pham said.

 

About VICOSTONE:

Under the Phenikaa Group, VICOSTONE is one of the four largest companies in the field of quartz production in the world. Furthermore, VICOSTONE is also a leading brand in producing unique, distinct and leading-edge products in the market. Based on the technology transferred from Breton (Italy), VICOSTONE has thoroughly investigated and successfully applied its unique technological know-how, combined with continuous improvement to create the best products in terms of both quality and aesthetics. After 15 years of operation in the international market, in 2018, VICOSTONE officially returned to serve domestic consumers.

Thanks to unceasing efforts of the staffs of VICOSTONE Jsc. as well as of PHENIKAA Corporation (Vicostone's parent company), VICOSTONE has been awarded many noble titles by the Party, State and Government, and prestigious national and international organizations with. In the beginning of 2018, VICOSTONE was honored in TOP 10 Prestigious Building Materials Company, TOP 50 Best Performing Companies of Vietnam in the period of 2013 - 2017, Strong Vietnamese Brand in 2017-2018 ...