Coteccons received the Achievement Award to honor the members of Vietnam Stock Market

On the morning of July 20, 2020, at the Stock Exchange which is located in Ho Chi Minh City, the 20th Anniversary of the Vietnam Stock Market’s operation took place to summarize and evaluate the achievements gained during the past 20 years since the date of the operation of the stock market. , contributing significantly to the political duties and obligations of the Financial Sector. The ceremony was attended by Prime Minister-  Nguyen Xuan Phuc and the leading representatives of the Party agencies.

In addition, Coteccons (CTD) was honored to receive the Achievement Award at this event to honor VN30 members who have made many great contributions to Vietnam’s stock market. Over the past many years, the Company has always achieved over VND 20,000 billion in revenue/year and has been an exceptional construction unit that has been at the top of enterprises with profits of over VND 1,000 billion for many consecutive years. In difficult stages of the real estate market, typically in 2019, the Company still achieved a profit after tax of 710 billion VND, which is equivalent to the charter capital.

 

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Boost Coteccons’ transformation into a diversified ecosystem through the core construction of integrated technology and green construction. Hanoi, April 17, 2024, Coteccons Construction Joint Stock Company (HoSE: CTD) and Kusto Group signed a strategic partnership agreement to establish and execute an investment strategy in the Vietnamese market. According to the agreement, Kusto Group pledges to invest 200 million USD through a co-investment partnership with Coteccons from 2024 to 2028. This strategic collaboration between Coteccons and Kusto Group will support Coteccons in enhancing its core business by leveraging these strategic investments to achieve important goals such as retaining clients by providing comprehensive solutions and services for Coteccons’ traditional customers and creating an edge in securing the portfolio of long-term customers, which is the foundation for growing revenue and improving profit margins in a context of market turbulence. Moreover, this partnership, based on the common principle values of Kusto Group and Coteccons in sustainable development, once again affirms Kusto Group’s continuing investment activities in the Vietnam market since 2005. Mr. Alexandr Donov, member of the Board of Directors and Chief Financial Officer of Kusto Group, said, “We see the great potential of Vietnam and believe that there is still a lot of room for further development. A strategic partnership with Coteccons is a concrete commitment to contribute to promoting Vietnam on the investment list for our global partners. We believe that Coteccons, our strategic partner, will support us with their expertise and capacity to help us find suitable opportunities, seeking investment

New movements of Coteccons Amidst signs of a recovering business environment, Coteccons (stock code: CTD) – rated BBB by Finnratings with a stable outlook – is experiencing accelerated growth with impressive revenue and profit growth. The company’s robust balance sheet has propelled profits to grow multiply, resulting in a sharp increase in total accumulated profit over the past 6 months compared to the same period last year. In the new fiscal year, Coteccons’ audited financial report for the first 6 months of 2024 shows that the company’s total assets are VND 21,652 billion. Out of this, cash reserves have reached VND 4,304 billion, accounting for 20% of total assets (excluding stock investments and other financial investments). Coteccons has also improved the quality of its receivables from reputable clients, resulting in a decrease of VND 44 billion, or 46%, in bad debt provisions. Furthermore, cost optimization measures have led to a significant reduction in selling, general and administrative expenses by VND 81 billion, or a 28% decrease compared to the same period. By the end of the first half of 2024, Coteccons had achieved revenue of VND 9,784 billion and profits of VND 136 billion, completing 55% and 50% of the set plan, respectively. Besides impressive financial indicators, Coteccons is continuously recognized and honored in other prestigious rankings such as: VNSI Ranking – Top 20 Vietnam Sustainable Index – demonstrates Coteccons’ commitment to actively contribute to the community and social environment. Top 10 reputable contractors and Top 50 Vietnam the

“In general, the market has not had many clear developments in the real estate sector, even in big cities such as Ho Chi Minh City and Hanoi. Only a few new investment projects are licensed. Therefore, our reports also show caution, considering market trends to make revenue and profit forecasts.” This was the first comment of Mr. Bolat Duisenov – Chairman of the Board of Directors of Coteccons Construction Joint Stock Company (CTD) at the 2023 Annual General Meeting of Shareholders that took place on the afternoon of October 17. For the year of 2023, Coteccons expects revenue to reach 6,744 billion VND, consolidated profit after tax to reach 52 billion VND. Meanwhile, in the 2024 fiscal year (from July 1, 2023 – June 30, 2024), Vietnam’s No. 1 Construction Group sets revenue and profit after tax targets of VND 17,793 billion and VND 274 billion, respectively. billions dong. However, according to the “captain” of Coteccons, the business still has certain strengths, with much better results than other companies in the same industry. Mr. Bolat also emphasized Coteccons’ spirit of transparency and willingness to meet and answer any questions from shareholders. We failed but not defeated! Coteccons aims to participate in the fields of infrastructure and renewable energy. While there are many works and projects in this field, Coteccons is still only a spectator. The goal of reaching 3 billion USD in revenue and 1 billion USD in market capitalization by 2025 is just an empty slogan. So can

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