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Vietnam Maritime Transport Joint Stock Company (Vosco, Stock Code: VOS) has just announced Resolution No. 49/NQ-HĐQT of the Board of Directors on the dismissal of the Chairman and General Director.
Accordingly, Vosco dismissed Mr. Cao Minh Tuan from the position of General Director due to retirement from August 1, 2024. Mr. Nguyen Quang Minh was also dismissed from the position of Chairman of the Board to take the position of General Director.
At the same time, Mr. Hoang Long, a member of Vosco’s Board of Directors, was elected as the new Chairman of the Board, replacing Mr. Nguyen Quang Minh.
It is known that Mr. Nguyen Quang Minh (born in 1973) holds a Master’s degree in Maritime Economics. He has nearly 30 years of experience working at Vosco.
In 2011, Mr. Minh became the Vice President of Vosco and was elected to the company’s Board of Directors a year later. Mr. Nguyen Quang Minh was elected as Chairman of the Board of Vosco in March 2024.
The new Chairman of the Board of Vosco, Hoang Long, has just been appointed to the company’s Board of Directors at the 2024 Annual General Meeting of Shareholders.
In terms of business operations, according to the reviewed consolidated financial statements for the first half of 2024, Vosco recorded net revenue of VND 2,955 billion in the first half of 2024, nearly doubling that of the same period last year. However, the cost of goods sold also increased sharply from VND 1,416.6 billion to VND 2,881.4 billion, resulting in a gross profit of VND 73.65 billion, while in the same period last year, it made a profit of VND 128.3 billion.
Financial expenses decreased to VND 4.7 billion, while selling expenses and management expenses increased to VND 34.5 billion and VND 37.9 billion, respectively.
After deducting taxes and fees, Vosco’s net profit for the first half of 2024 was over VND 356.2 billion, an increase of 4.9 times compared to the same period last year.
As of June 30, 2024, Vosco’s total assets amounted to over VND 3,196.6 billion, including short-term assets of VND 2,315.6 billion and long-term assets of VND 881 billion.
The company’s total liabilities were VND 1,200.6 billion, including short-term debts of VND 682 billion and long-term debts of VND 518.6 billion.
