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Songcong Diesel Limited Company (Vietnam)

Main Activities: All Other Fabricated Metal Product Manufacturing
Secondary Activities: Ferrous Metal Foundries | Iron and Steel Forging | Turbine and Turbine Generator Set Units Manufacturing
Full name: Songcong Diesel Limited Company Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

SONGCONG DIESEL LIMITED COMPANY is a member of VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION (VEAM) - a state-owned company. Being a manufacturer, its main products are mechanical commodities supporting the fields of electric engine production, motorcycle, automobile and other industries. The subject has a long time of operation, thus it has a stable number of traditional customers, mainly FDI companies in Vietnam.After two years of decreasing revenue due to the impact of the COVID-19 outbreak, the subject's operation grew again with total sales of VND 897.1 billion and profit of VND 289.4 billion in 2022. However, its business seems to tumble because of the difficult economy in the first months of 2023. Mr. Nam - an HR staff said that the number of orders in the five months of 2023 was lower than in the same period of 2022.

Headquarters
No. 362, Cach Mang Thang 10 Street, Chau Son Ward
Thai Nguyen; North Eastern Vietnam; Postal Code: 24000

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Website: http://www.disoco.com.vn/

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
February 03, 2005
Key Executives
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Director
Ownership Details
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100%
Subsidiaries
Ford Viet Nam Limited
25%
Machinery Spare Parts N01 Joint Stock Company
Company Performance
Financial values in the chart are available after Songcong Diesel Limited Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net sales revenue
27.44%
Total operating revenue
27.44%
Operating profit (EBIT)
446.09%
Net Profit (Loss) for the Period
528.13%
Total assets
16.55%
Total equity
15.84%
Operating Profit Margin (ROS)
26.1%
Net Profit Margin
25.72%
Return on Equity (ROE)
13.26%
Quick Ratio
0.79%
Cash Ratio
-0.04%

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