TCD's revenue of 375 billion VND and after-tax profit of 31.5 billion VND for the first six months of 2017

Within the first six months, TCD reports its consolidated revenue of 375 billion VND and after-tax profit of 31.5 billion VND, equivalent to 42% and 49% of the annual plan, respectively. Meanwhile, infrastructure and trading sectors contribute up to 40% and 30% of the company’s revenue.

For the first half of 2017, TCD’s sales of goods and services reach 375 billion VND, up by 66% over the same period of last year. However, the company’s gross profit increases by only 1% due to the rise in costs of goods sold. Nonetheless, the sales expense decreases 10% from 20 billion VND to 18 billion VND.

As a result, the accumulated before-tax profit is more than 36 billion VND, up by 11 % over the first six months of 2016. Due to tax incentives and exemptions, TCD’s after-tax profit also reaches 31.5 billion VND, or 27% increase compared to the same period of last year.

In Q2/2017, revenue from sales of goods and services is 208 billion VND and after-tax profit is 16 billion VND, both increase by almost 50% compared to Q2 of last year.

Last July, during a visit to Germany and Netherlands by Prime Minister Nguyen Xuan Phuc along with senior delegates of Vietnam, Tracodi (TCD) has signed a Cooperation Agreement with Indoba GmbH (Germany) on product distribution at the Vietnam-Germany business forum. According to the Agreement, Indoba will be the exclusive distributor of TCD products in Germany and Europe with a minimum value of $10 million per year. Specifically, Antraco quarry has shown significant growth in terms of meeting 54% of the annual plan and the launch of a brand-new artificial sand product line which is expected to be the key solution for the current sand shortages.


Other News