TCD: is predicted to achieve VND 26.4 billion profit after Tax in Q3, exceed ing 2017 plan

(ĐTCK) According to The Transport and Industry Development Investment Joint Stock Company (TCD), they will earn VND 297 billion in consolidated revenue and VND 26.4 billion in profit before tax in Q3, increasing more than 45% compared with Q1 and Q2.
In the first nine months of 2017, the accumulated revenue and profit before tax are forecasted to reach 672 and VND 62.24 billion, respectively, meeting 83% of the target of the year.
As estimated, Tracodi is predicted to exceed its 2017 target by significant revenues from the completion of Provincial road 830 connecting HCM City and Long An Province, and profits from constructing and providing equipment for Casa Marina Resort in Quy Nhon.
TCD’s subsidiaries and affiliates also have grown significantly. After launching of artificial sand, Antraco reaches significant profit from this product in spite of increase in construction materials’ price. Antraco’s profit after tax meets 88% annual plan for the first 8 months of 2017. In addition, VINATAXI will pay dividend to TCD in third quarter of 2017.
TCD is expected its 2017 PE ratio will be 8.

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