VIETNAM REPORT ANNOUNCES THE PROFIT500 LIST WITH COTECCONS RANKING IN THE TOP 10 MOST PROFITABLE CONSTRUCTION COMPANIES IN VIETNAM

October 25, 2024

On the afternoon of October 24, 2024, at the Sheraton Hotel in Hanoi, Vietnam Report presented the PROFIT500 award, which recognizes the top 500 most profitable companies in Vietnam, to Coteccons (HoSE: CTD). With a profit exceeding VND 300 billion for the fiscal year 2024, and a compound annual growth rate (CAGR) of 20-30% over the past three years, Coteccons was also honored in the top 10 most profitable construction companies in Vietnam.

Previously, the credit rating organization Fiin Ratings – S&P Global Ratings had also upgraded Coteccons’ credit rating from BBB to BBB+, the highest rating ever given to a construction company. This achievement reflects Coteccons’ efforts and contributions to the construction industry and the development of Vietnam. This recognition also affirms the brand’s strength and the trust Coteccons has garnered from its clients over the years.

Positive assessments from prestigious organizations like Vietnam Report and Fiin Ratings further confirm confidence in Coteccons’ transparency and efficiency in recent years. This result will serve as a foundation for Coteccons’ development in the future. In the fiscal year 2025, Coteccons aims to continue its revenue growth of 20-30%, with post-tax profits expected to increase by 39% compared to 2024. This impressive growth aligns with Coteccons’ long-term vision of leading Vietnam’s construction industry to global standards.

The PROFIT500 award, organized by Vietnam Report, is one of the key events recognizing companies with outstanding achievements in profitability and revenue, as well as evaluating criteria related to company size. This event not only provides Coteccons with an opportunity to showcase its accomplishments but also reinforces its position within the industry.

Mrs. Đinh Thị Hồng Thắm – Information Disclosure Officer, receiving the award

In the coming years, Coteccons will continue to invest in technological innovation, enhance service quality, and optimize operational efficiency, aiming to conquer new heights in the construction industry. We are proud and will continuously strive to be worthy of the trust from our shareholders, partners, investors, and the community.

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