HO CHI MINH, VIETNAM (July 12, 2017) – Loc Troi Group (LTG) and Saigon Securities Incorporation (SSI) would like to announce the meeting with investors to introduce about the firm and the future growth potential of Loc Troi.
Loc troi was established in 1993 under the name of An Giang Plant Protection Services Company, with chartered capital of 750 million dong and 23 employees. By 2016, its chartered capital has reached 671 billion dong, nearly 90 times higher, with 14 subsidiaries and 3,200 employees.
Loc Troi’s three main business segments include pesticides and plant nutrition, seeds, and food processing. In particular, the group is the market leader in the pesticide industry with a 20 percent market share and a distribution network of 26 branches and more than 5,000 agents nationwide.
The group’s shareholder structure includes 24.15 percent owned by An Giang province’s People’s Committee, 44.04 percent owned by foreign shareholders while staffs hold 15.31 percent and other domestic organizations and individuals hold the remaining.
In 2016, Loc Troi has reported 7,783 billion dong revenue and 349 billion dong net profit, equivalent to an EPS of 4,382 dong. For the past decade, the company has achieved a compound annual growth rate (CAGR) of 13.66 percent in net revenue and 18.14 percent in net profit.
Loc Troi targets 8,887 billion dong in net revenue and 460 billion dong in net profit, up 28.7 percent y/y, 5,822 dong EPS and cash dividend of 30 percent in 2017. The firm’s net revenue in the first half of this year was 4,052 billion dong, up 14.42 percent from a year ago, net profit was 173 billion dong, up nearly 4 percent.
Furthermore, Loc Troi targets to raise its value to 1 billion USD by 2021 and pesticide market share to 30 percent from the current 20 percent and become the top branch in term of rice.
LTG shares are expected to be officially traded on July 24 with the starting price of 55,000 dong per share.
Mr. Huynh Van Thon, Loc Troi’s Chairman said: “The potential growth of agricultural sector is enormous, especially when Loc Troi is gradually completing its agricultural value chain from research to production and consumption of many strategic agricultural products such as rice and coffee, etc. and continues to be the leading local distributor and producer of plant protection products and agribusiness service provider in the country based on the vertical production model. By listing the stock on UPCoM, we hope to provide investors with another stock with sustainable growth and transparent information for both investors and Loc Troi to continue to conquer fresh targets in the future”.
About Loc Troi Group
Loc Troi Group, formerly known as An Giang Plant Protection JSC, was established on November 30, 1993 with the main business line of supplying pesticides. The firm’s initial operation geography was only around the Mekong Delta. In 1994, the company opened a representative office in Ho Chi Minh City and then expanded its business throughout the country.
In 1996, the firm has officially entered seed research and business area with the opening of Seed Research and Production Center and the construction of two agricultural pharmaceutical processing plants with the capacity of 5,000 tons per year.
Loc Troi has undertaken privatization in 2004 with chartered capital of 160 billion dong. In 2011, the company has developed its rice value chain by opening five factories in the Mekong Delta. The “Hat Ngoc Troi” rice brand has been welcomed not only in domestic market but also in other 36 countries around the world.
In 2015, the company changed its name to Loc Troi Group and raised its chartered capital to 671.6 billion dong. In 2017, Loc Troi was included in Forbes Vietnam’s top 40 most valuable brand names.
For more information please contact: ir@loctroivn (Mr. Nguyễn Thống Nhất và Ms. Minh Thư)
For more Media information: Nguyen Tan Ninh
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