Traphaco for the seventh consecutive time in the Top 50 best performing companies in Vietnam
On 7/6/2018 at GEM Center, Ho Chi Minh City the Ceremony for Honoring Top 50 best performing companies in Vietnam 2017 was co-organized by Nhip Cau Dau Tu (Investmen Bridge) Magazine and Thien Viet Securities Company. Traphaco Joint Stock Company is one of eight companies for 7 consecutive years named in the list of fame.
The ranking of "Top 50 Best Performing Companies in Vietnam" (TOP 50) was implemented on the basis of measuring business results for 3 consecutive years, based on 3 growth indicators: revenue, return on equity (ROE) and earnings per share (EPS). Measurement results to objectively assess the corporate governance capacity.
Companies in the ranking list should meet the following conditions: The market capitalization on April 2nd, 2018 should be at least VND 1.5 trillion. Turnover in 2015, 2016, 2017 must be at least VND 250 billion. Net profit in 2015, 2016, 2017 must be at least VND 25 billion. And companies ranked by three criteria: (1) CAGR of sales, (2) Average ROE, and (3) EPS for a three year period of 2015-2017.
Traphaco is known as the leading pharmaceutical company in Vietnam with impressive business results in 2017. Traphaco's consolidated revenue is VND 1,870 billion. After deducting trade discounts and revenue from import co-operation agreements, real growth is 11% compared to 2016. Regarding profit targets: Profit after tax of the parent company is VND 241 billion, achieving 101% of the plan, increasing 14% compared to 2016, maintaining the positive growth rate in the context of decreasing revenue due to stringent accounting policy and unfavorable market conditions.
Traphaco has set itself a clear and challenging development strategy. With the strategy "the Path of Green Health", the target to 2020: Traphaco is the No. 1 pharmaceutical company in Vietnam in terms growth of revenue & profit & market capitalization and becoming the leading Green Trademark in Vietnam; In particular, the market capitalization reaches VND 10,000 billion, total revenue reaches VND 4,000 billion and total profit reaches VND 500 billion. Traphaco has the technologically advanced management system based on information-integrated platform. At the same time, it will be one of the enterprises with the highest standards in the pharmaceutical industry in Vietnam; Traphaco people are happy, satisfied with life and work, Traphaco’s working environment belongs to the best group in Vietnam.
At this year's ceremony, sustainable development and corporate culture are two important issues exchanged and discussed by the organizers. This is one of the issues that Traphaco is particularly concerned about. By developing green value chains from raw materials, technology, products and services; Traphaco is a pioneer in developing clean medicines with GACP-WHO-accredited plantation zones, contributing to creating employments, raising incomes for local people to grow medicinal plants, high quality inputs for Traphaco products, ensuring the sustainable development factor, harmonious interests of stakeholders. One of the important goals associated with the development of corporate culture is that Traphaco people are happy with their jobs, its working environment is among best group in Vietnam.