On June 7th 2018, Coteccons Construction Joint Stock Company was honorably named in Viet Nam’s Top 50 best performing companies 2017 award in Gem Center. Coteccons has been ranked among the list for the 5th consecutive year.
This top 50 list is an annual ranking developed by Nhip cau dau tu Magazine to evaluate and rank the listed companies with remarkable achievements in their fields of business. The ranking process took counsel from many economists and business experts from Harvard Business School and referred to many prestigious rankings from renowned publications such as “Bloomberg Businessweek 50”, “Fortune 500”, McKinsey’s strategic business assessment methods and strategic analysis documents from the Harvard Business Review.
By the end of financial year 2017, Coteccons continued to maintain double-digit revenue and profit growth. On December 31st,2017; the company generated a profit of VND1,653 billion, an increase of 16% over the same period of the year 2016. According to the independent assessment of Nhip Cau Dau Tu, over a three-year period from 2014 to 2016, the Compounded Annual Growth rate is weighted at 52.7 per cent, return on equity (ROE) is reached at 24.5 per cent and return on stock investments at 497.4 per cent, and the market capitalization at $541 million.
The above statistics show that Coteccons has successfully developed and fulfilled its mission set in the past year. This is also the result of Coteccons contributing to the growth of the construction market and the overall economy of Vietnam.
Mr. Vo Thanh Liem (second, left side) – Deputy General Director received Viet Nam’s Top 50 best performing companies 2017 award