GELEX entered the Top 50 Most Profitable Enterprises in Vietnam in the announcement period in 2022
On October 25th, 2022, Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietNamNet News held a ceremony to announce the Top 500 Best Profitable Enterprises in Vietnam in 2022 in Hanoi.
According to the Organizing Committee, the TOP 50 most profitable enterprises in Vietnam 2022 were evaluated based on criteria such as indicators reflecting profitability, profit before tax, revenue, and return on equity, etc. at the financial report of 2021.
Experiencing an objective and independent evaluation process, GELEX Group reached the Top 50 Most Profitable Enterprises in Vietnam for business results in 2021. In this list, there were also prestigious brands such as: Vietnam Oil and Gas Group, Hoa Phat Group; Viettel Group, Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietnam Technological and Commercial Joint- stock Bank, Vietnam Electricity, etc.
In the TOP 500 Most Profitable Enterprises in Vietnam 2022, GELEX ranked the 73rd, up 23 places compared to 2021. In the TOP 500 Most Profitable Enterprises in Vietnam 2022, GELEX ranked the 35th, up 16 places compared to 2021.
According to the audited consolidated financial reports, for the whole year of 2021, GELEX’s net revenue reached VND 28,578 billion, profit after tax reached VND 2,057 billion, up by 59% and 72% respectively compared to 2020. As a result, GELEX completed the targeted revenue and exceeded 60% of the targeted profit before tax (VND 1,285 billion).
Thanks to an effective, flexible, sustainable business strategy and timely and synchronous solutions in the context of the challenging economy, GELEX recorded positive, stable results and continued to affirm its position of the leading enterprise.
Over 30 years of development, GELEX has constantly expanded and restructured its operations to optimize resources. Operating under the model of Holdings, GELEX pursues the goal of sustainable development with two main business blocks including: Industrial production and Infrastructure, with reputable brands in the market such as Viglacera; CADIVI power cables, THIBIDI transformers, etc.
According to Vietnam Report, the honored enterprises demonstrated outstanding financial strength, growth potential, sustainable development, management quality and market position, making a significant contribution to the success and prosperity of the national economy.