Monday, December 18 2017


Tracodi targets 5.7 per cent profit rise

Update: April, 15/2017 - 09:00

HCM CITY — Transport and Industry Development Investment Joint Stock Company (Tracodi) has told its shareholders that it targets after-tax profit of VNĐ63.7 billion on revenues of VNĐ879.47 billion (US$38.7 million) for 2017, representing growth of 5.7 per cent and 5.5 per cent.

Tracodi, which has interests in stone mining, infrastructure, international trading and labour export, would pay a dividend of 10-12 per cent in cash, Nguyễn Thanh Hùng, its deputy general director, told the annual shareholders meeting in HCM City yesterday.

It plans to pay 6 per cent in shares as dividend for 2016.

Last year profits had jumped by 20.3 per cent compared to its target, with stone mining, construction and trading being the main contributors, he said.

The company is in the process of listing on the HCM Stock Exchange this quarter.

Nguyễn Hồ Nam, the company’s deputy chairman and general director, said the company would focus on improving its infrastructure building capacity, expanding export of labour to Japan, production and export of farm produce to achieve this year’s targets.

Tracodi has many group and allied companies such as An Giang Joint Venture of Construction Material Exploitation and Processing (Antraco), Vinataxi and Vinacafe Đà Lạt JSC. — VNS


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