Tracodi targets 5.7 per cent rise in profits

Friday, Apr 14, 2017 17:30

Nguyen Ho Nam, Tracodi deputy chairman and general director, speaks at the company’s annual shareholders meeting in HCM City on April 14. — VNS Photo

Transport and Industry Development Investment Joint Stock Company (Tracodi) has told its shareholders that it targets after-tax profit of VND63.7 billion on revenues of VND879.47 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, Nguyen Thanh Hung, its deputy general director, told the annual shareholders meeting in HCM City on April 14.

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.

Nguyen Ho Nam, the company’s deputy chairman and general director, said the company would focus on improving its infrastructure building capacity, expanding export of workers 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 Da Lat JSC. — VNS

Comments (0)