BCG targets 87 per cent rise in revenues

Wednesday, Apr 06, 2016 17:53

A view of Quy Nhon beach where the four-star Casa Marina Quy Nhon Resort is being built by Bamboo Capital JSC. — Photo BCG

HCM CITY (Biz Hub) – Bamboo Capital JSC has set itself a profit target of VND75 billion (US$3.36 million) on consolidated revenues of more than VND1.8 trillion ($80.7 million), this year, or year-on-year increases of 26 per cent and 87 per cent.

BCG has stakes in 15 companies operating in various industries, like Transport and Industry Development JSC (Tracodi), Thanh Phuc JSC, Nguyen Hoang JSC, Bac Ha Minerals Exploitation JSC, An Giang Joint Venture of Construction Material Exploitation and Processing (Antraco), Vinataxi, ACG Viet Nam, including 50 per cent or more in many.

It expects Tracodi, Antraco, and Nguyen Hoang to contribute greatly to its profits in 2016.

This year it plans to acquire stakes in a number of companies such as 1-5 Auto Company, Thanh Vu Tay Ninh JSC, Đa Lat Coffee Import Export Company.

These are large manufacturing companies that are expected to contribute greatly to BCG's bottom line.

This year the company will also, together with its partners, develop property projects in HCM City, Quy Nhơn, Ha Noi, and Long An, including a 78,000sq.m shopping mall in Cu Chi, HCM City, the four-star Casa Marina Quy Nhon Resort, and a five-star office and hotel building in HCM City's District 1.

It plans to raise its corpus from VND407 billion ($18.17 million) to VND1.08 trillion ($48.21 million) this year to serve its investment plans, including investing in companies and M&A activities in the automobile, agricultural processing and trading, and coffee export sectors, Vu Tran Vinh Thuy, director of investment and project management at BCG, told an investors' meeting in HCM City on April 6.

Bamboo Capital plans to pay dividends of 8 per cent this year and 12 per cent next year, he added. — VNS

Comments (0)