Tracodi to list in HCM City

Friday, Feb 17, 2017 16:42

Tran Nguyen, 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

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 VND324.8 billion (US$14.24 million).

Tracodi, which has interests in mining, labour export, construction, and foreign trade, reported pre-tax profit of VND61 billion last year, up from VND25.5 billion in 2015, Tran Nguyen, deputy head of its investor relations department, told stock market investors at a meeting on Thursday.

Its revenues increased from VND190.6 billion ($8.35 million) in 2015 to VND835.3 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 VND67.1 billion on revenues of VND918.8 billion this year, he said.

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.

Some of Tracodi’s ongoing projects include a $49 million upgrade to provincial roads in Long An Province, upgrade of Nguyen Huu Tri Street linking HCM City’s Binh Chanh District with Long An Province’s Ben Luc District, a grade A mixed-use building in HCM City’s District 1 and a residential-shopping complex in Cu Chi District. — VNS

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