Saturday, August 18, 2018 5:20:48 AM - Markets open
VN-INDEX 968.88 +4.60/+0.48%
HNX-INDEX 108.02 +0.10/+0.09%
UPCOM-INDEX 51.47 +0.08/+0.16%
TCD: Tracodi targets over $50m revenue this year - 5/31/2018 9:38:02 AM
 (0 ratings. You must sign in to rate.)
Transport and Industry Development Investment Joint Stock Company (Tracodi) has targeted a revenue of VNĐ1.15 trillion (US$50.44 million) and an after-tax profit of VNĐ77.1 billion in 2018.
The year-on-year increase would be five per cent and three per cent, respectively, revealed the company’s report preparing for the upcoming annual shareholders’ meeting on June 15, 2018.
In the revenue structure of 2018, the commercial segment is expected to account for the largest share, contributing some VNĐ450 billion, followed by infrastructure and real estate projects with VNĐ390 billion. The stone exploitation project with the joint venture Antraco is expected to contribute VNĐ300 billion, the remaining will come from the labour export and training projects.
This year, Tracodi plans to invest in a high-rise apartment complex at No.89 Cách Mạng Tháng Tám, District 1, HCM City, which is also the headquarters of the company. The project has an area of 1,048sq.m with total investment capital of VNĐ850 billion. Currently, Tracodi is carrying out procedures for investment approval.
The company’s board of directors also plans to pay dividends in 2017 at the rate of 10 per cent in shares, through the issuance of 3.4 million shares.
Tracodi has 28 years of operating history in many fields such as infrastructure construction, taxi transportation, quarrying and labor export. 
In May 2017, the company listed 32.48 million shares on the HCM Stock Exchange at a reference price of VNĐ16,000 a share. 
Bamboo Capital is currently the parent company owning Tracodi’s 50.61 per cent stake. — VNS
Read original article here
Newer News
17/08 PLX: Petrolimex asks for divestment extension
17/08 MCH finalising bonus share list
17/08 LPB: LienVietPostBank downgrades many business targets
16/08 HVN: Vietnam Airlines’ pre-tax profit surges 87 percent in six months
16/08 FPT betting on M&A to go global
16/08 PVN considers merger of two biggest fertiliser firms
16/08 MSR: Masan buys tungsten facility
14/08 VPB: VPBank plans to issue 33.7 million ESOP shares
13/08 VNM: Vinamilk to spend over 170 mln USD on hi-tech dairy farm in Can Tho
10/08 SCIC evaluates State capital divestment
Older News
24/05 TCB: Techcombank to list over 1.1b shares
22/05 VIC: Vingroup target 50% profit growth
19/05 Woomi Construction seizes major holding in two real estate developers
19/05 GMD: Gemadept eyes 227% rise in profit
19/05 HVN: Vietnam Airlines plans to build logistics hub in Can Tho city
18/05 MPC: Minh Phu Seafood tries to bring back glory days
18/05 Vingroup property affiliate’s shares listed on southern bourse
16/05 TDH: Daewon Thu Duc House develops $115-million property project in Hanoi
16/05 VPB: FE Credit comes under inspection for wide-scale harassment
15/05 LCG: Licogi 16 aims for 110 million USD in consolidated revenue in 2018
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:14:05 PM
VN-INDEX 968.88 +4.60/+0.48%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.