PROLooking for more than just a company report? Upgrade to Pro now

SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY

Active

Business ID 0301123125

SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY

Active

Business ID 0301123125

SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY

Active

Summary

Name:

SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY

Business ID (TIN):

0301123125

Date of Registration:

30 Jun 2010

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ticker:

SAS

Address:

Tan Son Nhat International Airport, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY (SASCO), established on June 30, 2010, operates as a publicly held joint-stock company under Business ID: 0301123125, registered with the Ho Chi Minh City Department of Planning and Investment. The company’s head office is located inside Tan Son Nhat International Airport, Ward 2, Tan Binh District, Ho Chi Minh City, with branches in Phu Quoc (Kien Giang), Long An, and Cam Ranh (Khanh Hoa)

Ownership and Leadership

SASCO’s charter and paid-up capital are USD 54.84 million, and the company employs about 1,468 staff. It is publicly listed on the UpCOM exchange under the stock symbol SAS.
Key shareholders include:

Airports Corporation of Vietnam (ACV): 49.07%
IMEX Pan-Pacific Co., Ltd (IPP Group): 24.98%
Au Chau Fashion and Cosmetics Co., Ltd: 15.39%

Financial Highlights: Rapid Post-Pandemic Recovery

SASCO recorded impressive growth in 2023, reflecting the strong recovery of Vietnam’s aviation and tourism sectors. As of December 31, 2023, the company achieved:

Total assets: USD 92.4 million (▲10.05%)
Equity: USD 60.98 million (▼2.7%)
Sales revenue: USD 106.03 million (▲84.31%)
Net profit: USD 11.73 million (▲35.96%)
Working capital: USD 26.19 million (▼7.06%)

These results mark a strong rebound from the pandemic, with revenue increasing more than eightfold since 2021. Profit margins also improved substantially, driven by robust passenger traffic at Tan Son Nhat and Phu Quoc airports, where SASCO operates primary duty-free, retail, and hospitality services.

Core Business Activities

SASCO’s primary operations include:

Duty-free retailing and airport service trading
Hospitality and spa services for passengers
Travel agency and logistics operations
Real estate leasing and infrastructure management

The company’s diversified portfolio, spanning aviation, tourism, and retail, enables resilience against seasonal or regulatory shocks within the air travel industry.

Market Position and Strategic Outlook

With strategic shareholders like ACV and IPP Group, SASCO maintains a dominant presence in Vietnam’s airport service sector. Its Phu Quoc International Airport retail expansion and partnerships with international brands enhance revenue diversity and brand recognition. However, profit margin pressure remains due to rising operational costs and limited retail space at Tan Son Nhat Airport.

VNBIS Insight: Financial and Operational Risk Outlook

According to VNBIS, SOUTHERN AIRPORTS SERVICES JSC demonstrates a strong credit profile, sustained by solid equity and consistent profit growth. Nevertheless, risks remain from high dependency on passenger volume, regulatory oversight, and concentrated shareholder influence.

Through its Company Report and Financial Risk Management Services, VNBIS supports investors and partners by offering detailed assessments of enterprises like SASCO, helping them evaluate financial health, operational trends, and investment potential within Vietnam’s rapidly expanding aviation and retail ecosystem.

Legal Profile

English Name:

SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN DỊCH VỤ HÀNG KHÔNG SÂN BAY TÂN SƠN NHẤT

Short Name:

SASCO

Business ID (TIN):

0301123125

Date of Registration:

30 Jun 2010

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ticker:

SAS

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN H.(.H.N

+ DOAN T.M.H

+ NGUYEN V.H.C

+ NGUYEN M.N

+ TON N.D.T

Address:

Tan Son Nhat International Airport, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Branch:

No. 379, Nguyen Trung Truc Street, Quarter 5, Duong Dong Town, Phu Quoc City, Kien Giang Province, Vietnam

Branch:

Lot Q-1B, Long Hau Expansion Industrial Park, Long Hau Commune, Can Giuoc District, Long An Province, Vietnam

Branch:

Cam Ranh International airport, Cam Nghia Ward, Cam Ranh City, Khanh Hoa Province, Vietnam

Representative office:

Room 416, Floor 4th, NTS Building, Noi Bai International Airport, Phu Cuong Commune, Soc Son District, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

4719 Other retail sale in non-specialized stores

NACE:

47.19 Other retail sale in non-specialised stores

Industry Sales Growth

CAGR (2019 - 2023)

1.71%

YoY (2023)

9.13%

Companies by industry

Company distribution and propportions

4,363

0.1501%

Key Industry Players

Top 10 companies in other retail sale in non-specialized stores industry

espace big c thăng long eb hai phong joint stock company espace big c an lac company limited espace business hue joint stock company lotte vietnam shopping joint stock company southern airports services joint stock company aeon vietnam company limited wincommerce general commercial services joint stock company tien luc service trading and gold silver company limited thiso retail company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-87.15%
Owner’s Equity	41.77%
Working Capital	41.55%
Net Worth	31.89%
Sales	52.94%
Operating income	17.03%
EBIT	36.88%
Gross Profit Margin	-22.49%
Debt to EBITDA	-21.16%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY

When did SOUTHERN AIRPORTS SERVICES JSC start operating?

SOUTHERN AIRPORTS SERVICES JSC was started in 30 Jun 2010

What industry does SOUTHERN AIRPORTS SERVICES JSC operate in?

SOUTHERN AIRPORTS SERVICES JSC is operating in "Other retail sale in non-specialized stores" industry

How can I contact SOUTHERN AIRPORTS SERVICES JSC?

SOUTHERN AIRPORTS SERVICES JSC don't share phone numbers information

What adverse news is there about SOUTHERN AIRPORTS SERVICES JSC?

SOUTHERN AIRPORTS SERVICES JSC’s has 1 bad news

What is stock symbol of SOUTHERN AIRPORTS SERVICES JSC?

SOUTHERN AIRPORTS SERVICES JSC’s stock symbol is SAS

Where is the location of SOUTHERN AIRPORTS SERVICES JSC?

SOUTHERN AIRPORTS SERVICES JSC is located at Tan Son Nhat International Airport, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

What is SOUTHERN AIRPORTS SERVICES JSC’s business registration?

SOUTHERN AIRPORTS SERVICES JSC business registration is 0301123125

My Order (0)

SOUTHERN AIRPORTS SERVICES JOINT STOCK COMPANY