Wednesday, March 29 2017

VietNamNews

Tracodi to list in HCM City

Update: February, 18/2017 - 09:00
Trần Nguyên, deputy head of Tracodi’s investor relations department, presents the company’s business plans for this year at a meeting with investors yesterday to discuss its proposed listing in April. — VNS Photo
Viet Nam News

HCM CITY — The Transport and Industry Development Investment Joint Stock Company (Tracodi) will list on the Hồ Chí Minh Stock Exchange in April.

It is expected to have a chartered capital of VNĐ324.8 billion (US$14.24 million).

Tracodi, which has interests in mining, labour export, construction, and foreign trade, reported pre-tax profit of VNĐ61 billion last year, up from VNĐ25.5 billion in 2015, Trần Nguyên, deputy head of its investor relations department, told stock market investors at a meeting on Thursday.

Its revenues increased from VNĐ190.6 billion ($8.35 million) in 2015 to VNĐ835.3 billion ($36.63 million) last year, with stone mining, construction and import-export sectors being main contributors, he said.

The company has set a pre-tax profit target of VNĐ67.1 billion on revenues of VNĐ918.8 billion this year.

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

Some of Tracodi’s ongoing projects include a $49 million upgrade to provincial roads in Long An Province, upgrade of Nguyễn Hữu Trí Street linking HCM City’s Bình Chánh District with Long An Province’s Bến Lức District, a grade A mixed-use building in HCM City’s District 1 and a residential-shopping complex in Củ Chi District.  — VNS

 

 

 

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