HO CHI MINH CITY, Vietnam, July 18, 2013 /PRNewswire/ -- Japan Vietnam Medical Instrument Company (JVC – www.ytevietnhat.com.vn) was ranked third overall on a list of Top 50 Performing Companies in Vietnam (Annual Top 50 Performing Companies in Vietnam Review).
The superior ranking - provided by a review panel and survey organized by Nhip Cau Dau Tu Magazine and Thien Viet Securities - was the result of high marks in both financial performance and qualitative measurements.
"We couldn't be more excited about this ranking – it is the first time we have had such wide recognition of our performance. Certainly, being seen as one of the best business is very meaningful to our team, our shareholders, and our clients," said Le Van Huong, Chairman and CEO of the Company.
David Zezza, a Director of AIM Capital Management and Managing Partner of Pacific Advantage Capital adds: "We are very pleased that the Company has achieved this result. The ranking is really further confirmation of the remarkable growth and performance of JVC through what has been a challenging environment."
On the financial side, JVC achieved some of the best results in the survey. The Company was evaluated based on four factors: revenue growth, net profit growth, return on equity (ROE) and return on invested capital (ROIC). For the period from 2010 through 2012, the Company posted average revenue growth of 61%; net profit growth of 77%; ROE of 39%; and, ROIC of over 32%.
In terms of qualitative measures, the Company was also seen as a top performer based upon its strong business model and strategy, the quality of the management team, and the firm's ability to manage performance given the difficult global and regional environment.
Chairman Le Van Huong also adds that "We will continue to invest in growth and continue to press our strategy to become the leading one-stop shop of medical services, equipment, and consumables for hospitals, clinics and healthcare centers throughout the Vietnam. Along the way, JVC will contribute to the modernization of the healthcare services industry in Vietnam."
The Annual Top 50 Performing Companies in Vietnam Review are conducted by Nhip Cau Dau Tu - a local business and investment magazine in Vietnam – along with local securities company Thien Viet Securities. The review and ranking evaluate strengths and weaknesses in business model, corporate governance, and vision of management in 2010 – 2012.
JVC, which is listed on the Ho Chi Minh Exchange (ticker symbol JVC), is the leading supplier of medical diagnostic equipment (X-rays, MRI's, Cat Scans, etc.) to health care facilities across Vietnam.
|SOURCE Japan Vietnam Medical Instrument Company|
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