Earlier, SBV was a 100% Thai-invested company specializing in rope and fishing tool production. The firm has total chartered capital of VND205.4 billion with 75% owned by Thai founding shareholders, 10% by Vietnam Holding Ltd and the remainder by other individual and institutional investors.

Over the past 20 years, SBV has been known for its highly durable products on the local market. The company has a 40% market share in the rope market for agriculture, fishery and maritime safety. SBV has been the top choice for 90% of fishing boats in the country.

SBV has posted steady business growth with the compound annual growth rate (CAGR) of revenue reaching 13.42% and net profit 18.7% in the past five years. In 2016, the company obtained VND508 billion in revenue and VND113.9 billion in after-tax profit, soaring 38.6% against the previous year, due to a drop in material prices and SBV’s cost cuts. The earnings per share (EPS) were VND6,100 and a cash dividend payment at 20% was approved at the 2017 annual general meeting.

This year, SBV aims for VND601 billion in revenue and VND149 billion in after-tax profit given increasing market demand. Besides, it plans to launch new products to serve the strong development of aquaculture and agriculture. In the first quarter, a low-season period, SBV reported VND100.3 billion in revenue and VND11.7 billion in after-tax profit, up 28% and 14.7% year-on-year respectively.

Source: vov.vn