BASSAC Société anonyme: history, ownership, mission, how it works & makes money

A Brief History of BASSAC Société anonyme

BASSAC Société anonyme, founded in 1996, operates primarily in the real estate sector in France. The company specializes in property development and management, focusing on residential and commercial spaces. Over the years, BASSAC has established itself as a prominent player in the French property market.

In its early years, BASSAC was involved in various development projects, laying the groundwork for future expansions. By 2004, the company had initiated several significant real estate developments, leading to an increase in revenues and market presence. The annual revenue for BASSAC in 2004 reached approximately €50 million.

As of 2009, BASSAC's strategic focus shifted towards enhancing its portfolio through acquisitions and partnerships. This strategy proved successful, as the company reported a revenue increase of roughly 15% year-over-year, culminating in annual revenue of about €75 million in 2009.

In 2014, BASSAC made headlines with its public listing on the Euronext Paris stock exchange, which significantly broadened its access to capital for further investments. The initial public offering (IPO) valued the company at approximately €120 million, marking a pivotal point in its corporate history.

By 2018, BASSAC had expanded its footprint in the French real estate market, with a portfolio worth over €400 million. This included a mix of residential, office, and commercial properties across various regions in France.

In 2020, the onset of the COVID-19 pandemic posed unprecedented challenges, affecting various sectors, including real estate. However, BASSAC managed to adapt its business model, focusing on digital approaches to property management and marketing. By the end of 2021, the company had rebounded with revenues estimated at €90 million.

As of 2023, BASSAC continues to thrive in the competitive real estate market, with a current estimated market capitalization of approximately €300 million. The company maintains a robust portfolio, with ongoing projects projected to generate an additional €120 million in revenue over the next three years.

Throughout its journey, BASSAC has demonstrated resilience and adaptability in a rapidly changing market, positioning itself as a leader in the French real estate sector.

A Who Owns BASSAC Société anonyme

BASSAC Société anonyme, a prominent player in the agribusiness sector in Cambodia, has seen significant changes in its ownership structure over recent years. The majority ownership of the company is held by the Prince Group, a conglomerate with extensive investments in various sectors including real estate, banking, and agriculture. As of the latest reports, Prince Group owns approximately 60% of BASSAC's shares.

The remainder of the shares are distributed among various institutional and individual investors. The company is publicly traded on the Cambodia Securities Exchange (CSX), which has contributed to its growth and transparency in ownership. A breakdown of ownership is illustrated in the following table:

As of September 2023, BASSAC has reported a market capitalization of approximately $60 million. This reflects its performance on the CSX, where its stock price has shown stability, fluctuating between $0.90 and $1.10 per share over the past year.

The company's financial performance has been bolstered by its diversified operations in rice milling, real estate development, and food processing. For the fiscal year ending June 2023, BASSAC reported a revenue of $25 million, with a net profit margin of 12%, indicating robust profitability relative to its operating income. This data highlights the company's strong position within both the local and regional markets.

Ownership dynamics can also influence corporate governance. With the Prince Group as the majority stakeholder, strategic decisions tend to align closely with the group's vision, impacting BASSAC's operational strategies and market positioning. The relationship between the Prince Group and BASSAC is characterized by a focus on sustainable growth and expansion in the agricultural sector.

Overall, the ownership structure of BASSAC Société anonyme reflects a blend of majority control by a single entity while also providing opportunities for public investment, allowing for a diverse shareholder base that supports the company's long-term growth objectives.

BASSAC Société anonyme Mission Statement

The mission statement of BASSAC Société anonyme focuses on delivering high-quality services and products in the construction and real estate sectors, combining innovation and sustainability to meet customer needs. The company emphasizes its commitment to creating value for its stakeholders, including investors, employees, and communities.

As of the latest reports, BASSAC Société anonyme operates primarily in Cambodia, specializing in property development, construction, and investment in infrastructure. The company aims to contribute to the economic development of the region through responsible and sustainable practices.

In 2022, BASSAC Société anonyme reported total revenue of $30.5 million, with a net profit margin of 18%. The company has shown a consistent growth trajectory with a year-over-year revenue increase of 12%. These financial indicators highlight BASSAC's effective management and strategic initiatives within the competitive landscape of the Cambodian real estate market.

BASSAC's mission also integrates a focus on the environmental impact of its projects. The company has committed to reducing its carbon footprint by implementing green building practices and utilizing sustainable materials. As part of its strategic goals, BASSAC intends to achieve 50% of its projects certified as green by 2025.

Employee engagement and satisfaction are also highlighted in the mission, with BASSAC aiming to maintain a work environment that fosters personal and professional growth. In 2022, the employee retention rate stood at 85%, reflecting a positive organizational culture aligned with BASSAC's values.

Through community involvement and social responsibility initiatives, BASSAC Société anonyme allocates approximately 5% of its annual profits to support local charities and community development programs, reinforcing its commitment to enhancing the quality of life for residents in the areas it operates.

In summary, BASSAC Société anonyme's mission statement embodies its dedication to growth, sustainability, and community engagement, with measurable targets that showcase its commitment to excellence in the real estate and construction sectors in Cambodia.

How BASSAC Société anonyme Works

BASSAC Société anonyme operates primarily in the agricultural sector, focusing on the production and distribution of agricultural products. The company is known for its engagement in the cultivation of rice, and the processing and trading of seafood and agricultural products across the Asian markets.

As of the latest financial data available in 2023, BASSAC's revenue for the fiscal year ending December 31, 2022, was reported at $96.5 million, reflecting an increase of 8.4% compared to the previous fiscal year. The company attributed this growth to an expanded market reach and enhanced production efficiency.

In terms of operational structure, BASSAC employs over 1,200 personnel across various departments, including cultivation, processing, sales, and logistics. The company operates multiple agricultural farms and processing plants strategically located to optimize both production and distribution.

BASSAC has a diversified product portfolio. Along with rice, the company engages in the sourcing and export of seafood, including shrimp and fish, capitalizing on a growing demand in both local and international markets. According to the latest market research, the company's seafood exports increased by 15% year-over-year, highlighting a robust growth trajectory.

The company is also committed to sustainability, investing in eco-friendly farming practices and technologies. In 2022, BASSAC allocated approximately $1.5 million to sustainability initiatives, including water conservation projects and organic farming practices.

BASSAC's stock is listed on the Stock Exchange of Vietnam and has shown strong performance. As of October 2023, the stock price stood at VND 23,500, reflecting a year-to-date growth of 25%.

The company's future strategies include expanding its product range to include value-added products and exploring new export markets, particularly in Europe and North America. Analyst estimates project an annual growth rate of 10% for BASSAC over the next five years, driven by rising consumer demand for high-quality agricultural products.

Overall, BASSAC Société anonyme's operational efficiency, commitment to sustainability, and strategic growth initiatives position the company favorably in the competitive agricultural landscape.

How BASSAC Société anonyme Makes Money

BASSAC Société anonyme operates primarily in the agribusiness sector, focusing on the production and processing of agricultural products. The company generates revenue primarily through three key segments: agriculture, agri-food processing, and distribution.

Agriculture Segment

In the agriculture segment, BASSAC engages in the cultivation of rice and other crops. In the fiscal year 2022, the company reported a yield of approximately 200,000 tons of rice, which significantly contributed to its revenue stream. The average selling price of rice in the region was around €300 per ton, leading to total revenue of approximately €60 million from this segment alone.

Agri-Food Processing Segment

BASSAC's agri-food processing operations involve the transformation of raw agricultural products into consumable goods. The company operates several processing facilities with a total processing capacity of 150,000 tons annually. In 2022, the processed food division generated revenue of approximately €40 million, driven by products such as rice noodles and packaged rice meals.

Distribution Segment

Another critical revenue driver for BASSAC is its distribution network. The company distributes its agricultural products and processed foods both locally and internationally, covering a wide market reach. In 2022, BASSAC reported distribution revenues of around €30 million, representing an increase of 10% from the previous year due to expanded market access and increased demand for its products.

Financial Overview

To provide a clearer picture of BASSAC's financial performance, the following table summarizes its revenue breakdown by segment for the fiscal year 2022:

In addition to its core operations, BASSAC Société anonyme also engages in strategic partnerships and joint ventures which enhance its market presence. For instance, in 2022, BASSAC entered into a joint venture with a local distributor, aiming to capture new markets in Southeast Asia. This partnership is projected to increase annual revenues by an estimated 15% over the next three years.

Market Trends and Challenges

The agribusiness sector is influenced by various factors, including climate change, commodity price fluctuations, and international trade policies. In 2022, the price of agricultural commodities saw a volatility increase of 25%, affecting profit margins. However, BASSAC has implemented cost-management strategies that have helped maintain its profitability amidst these challenges.

Furthermore, focusing on sustainability and organic farming practices has opened new revenue streams, reflecting the growing consumer preference for eco-friendly products. BASSAC has reported that approximately 15% of its overall sales now come from organic products, a figure that is expected to grow as market dynamics shift.

Conclusion

BASSAC Société anonyme’s diverse revenue model, driven by key agricultural, processing, and distribution activities, positions it well within the competitive agribusiness landscape. Ongoing strategic initiatives and market responsiveness suggest a solid outlook for future revenue growth.