CIENCO4 to focus on transport infrastructure construction

Tuesday, Feb 08, 2022 07:34

Ring road 3 in Ha Noi constructed by CIENCO4. — VNA/VNS Photo

Construction of transport infrastructure will continue to be taken by CIENCO4 Group JSC as a pillar on the journey to develop into a multi-sector business corporation with high competitiveness.

The company's leader made the statement when talking about the business plan this year as well as the vision for the 2021-2025 period.

The company will continue to focus on the field of road transport infrastructure in the 2021 - 2025 period, providing closed services with four key activities including investment, construction, installation, operation management, and exploitation of road traffic works, investment and development of real estate, as well as services associated with highways.

The large contract value transferred from last year to this year of the group is calculated at over VND12 trillion (US$522 million).

The company is expected to list on HoSE early this year in order to raise capital to carry out large investment projects in the form of PPP (public-private partnership) and public investment.

“The bright colours in production and business activities are a sign of prosperity for this year in terms of jobs, income for employees and dividend payment to shareholders of CIENCO4. According to preliminary calculations, CIENCO4's revenue is expected to be more than VND3 trillion last year, and after-tax profit is VND227 billion," said a representative of CIENCO4. — VNS

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