TCH has 3 consecutive years reached the Top 500 most profitable enterprises
On September 25, Vietnam Report cooperated with VietnamNet Newspaper to announce the Profit500 Ranking - Top 500 best profitable enterprises of Vietnam in 2019 and will hold a ceremony to announce and honor the enterprises on November 6, 2019. This is the third consecutive year, Hoang Huy Investment Financial Services JSC (HOSE: TCH) continues to appear in this prestigious ranking.
According to Vietnam Report, PROFIT500 is based on results of the independent research and assessments in accordance with international standards of Vietnam Report Company. This ranking is published annually from 2017 by VietnamNet Newspaper, with consultancy of domestic and foreign experts - especially including Professor John Quelch, Former Vice President of Harvard Business School.
The ranking is based on objective criteria, including indicators of profitability (ROA, ROE, ROR); profit before tax; revenue of enterprise. Besides, the reputation of enterprise in the media; the scale of the employee is also an important reference to assess the prospects of each enterprise in each aspect.
In addition to fully meeting the above needs, the position and operational experience in the industry are the key factors that make TCH reach the top 500 best profitable enterprises in 2019.
Representative of TCH at the ceremony of honoring PROFIT500 in 2018
Hoang Huy Group (Stock Code: TCH) is a leading enterprise in the of tractors business, especially the distributor of genuine American tractors International (Navistar). TCH and Navistar have cooperated since 2015, with a total of $ 1.8 billion trade agreement signed and witnessed by US President - Donald Trump during an official visit to Vietnam in late 2017.
In addition, TCH is also a prestigious and major real estate developer in Hanoi and especially the port city of Hai Phong. Typically Gold Tower projects at 275 Nguyen Trai, Thanh Xuan District, Hanoi and a series of projects in Hai Phong City such as HH1, HH2, HH3, HH3 - Dong Quoc Binh Ward apartment complexes, Hoang Huy Riverside , Hoang Huy Mall, Hoang Huy Commerce, Hoang Huy New City, Pruksa Town with investment scale of tens of thousands VND billion.
TCH is also well-known as a transparent and publicly listed company, which is always in the leading enterprises with high standards of information disclosure. The Company's operations have been effective, constantly adding value to its shareholders. Since listed time in 2016, TCH has paid dividends to shareholders annually with cash dividends of 8%, 8.5% and 6.9% respectively.
In 2019, TCH plans to achieve 1,245 billion dong of revenue, 500 billion dong of profit, increasing 50% compared to 2018. Expected dividend ratio is 10.5% and it will continue to grow in next years.
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