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Becamex IDC sees big jump in 2019 profit

Update: December, 13/2019 - 16:13

 

A corner of the Việt Nam-Singapore I Industrial Park constructed by Becamex IDC in Bình Dương Province. — Photo baobinhduong.vn

HÀ NỘI — The Investment and Industrial Development Corporation (Becamex IDC) has estimated its total post-tax profit will beat the full-year forecast by 54.5 per cent.

The company forecast total post-tax profit will reach VNĐ1.7 trillion (US$73.7 million). Meanwhile, revenue will only exceed the year’s plan by 1 per cent to touch VNĐ5.8 trillion.

Becamex IDC targets its total revenue in 2020 at VNĐ6 trillion and post-tax profit of VNĐ1.76 trillion. The figures are up 3 per cent each from 2019 estimates.

The results will allow the company to pay an 8 per cent dividend for both 2019 and 2020.

Within this month, Becamex IDC will pour an extra VNĐ706 billion into BW Industrial JSC to help increase the latter’s charter capital to VNĐ4.9 trillion from VNĐ2.65 trillion.

Its ownership in the joint venture will remain at 30 per cent of the capital.

Becamex IDC expects to cancel trading 1.03 billion shares on the Unlisted Public Company Market (UPCoM) and complete moving to the Hồ Chí Minh Stock Exchange (HoSE) by the end of this year.

The company's shares (UPCoM: BCM) have advanced a total of 3.3 per cent in the last eight days to end Thursday at VNĐ28,300 per share. — VNS

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