Sunday, October 21 2018

VietNamNews

Construction firm listed on HOSE

Update: October, 03/2018 - 14:52
Cao Tùng Lâm, chairman of Phục Hưng Holdings Joint Stock Company beats the gong to list its shares on the HCM City Stock Exchange. — VNS Photo
Viet Nam News

HÀ NỘI — More than 20.8 million shares of Phục Hưng 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 VNĐ15,000 (US$0.64) with total listing value of VNĐ208 billion.

The firm has seen high revenue growth from VNĐ1.46 trillion in 2016 to VNĐ2.1 trillion in 2017.

The company earned revenue of over VNĐ1.3 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 VNĐ28 billion, meeting 48 per cent of the set targets. Earnings per share (EPS) in the period was VNĐ1,337 per share.

Established in 2001, Phục Hưng Holdings is a member of Việt Nam Construction and Commercial Investment Corporation (Constrexim Holdings).

PHC shares were first traded on HNX with charter capital of VNĐ30 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 VNĐ1.3 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 Việt Nam in 2018 by Viet Nam Report.

By the end of September, the company’s charter capital reached VNĐ210 billion and total assets of VNĐ1.9 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 VNĐ3 trillion and VNĐ3.6 trillion for construction projects in 2018 and 2019 respectively. — VNS

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