TCD has shown satisfactory business results in 2016 with an expected total revenue of 824 billion VND, fulfilling 103% of annual planning; after-tax profit recorded to be 63.4 billion VND, exceeding 27% of annual planning or 118% increase from FY 2015.
Noticeably, TCD’s trading activities have shown impressive growth with a revenue of 350 billion VND derived from fulfilling export orders and distributing key products such as cassava starch, coffee, bus product lines, etc., for companies including Thanh Vu Tay Ninh, Vinacafe Dalat and 1-5 Auto.
Also, infrastructure construction has gradually recovered by engaging as subcontractor in site preparation activities for the following projects: thermoelectric plant of Hau River 1; Saigon – Hiep Phuoc port; Phu My 3 industrial park, etc. In November 2016, Tracodi participated as the main contractor in the BOT project of upgrading Interstates 830 & 824 in Duc Hoa, Long An – of which Bamboo Capital (BCG) is the main investor. The project will be completed within 18 months and put into operation in Q1 2018.
In addition, business sectors such as labor export, Vinataxi activities, Antraco’s quarrying have also contributed to TCD’s revenue growth. Specifically, Antraco’s revenue reached 329 billion VND with an after-tax profit of 56 billion VND, exceeding 33% and 107% of annual planning, respectively.
Business results of TCD for the last three years are as follows:
TCD is currently fulfilling the procedures to be listed on Ho Chi Minh City Stock Exchange (HOSE) in Q1 2017. With positive business results as shown in 2016, TCD proves to be a promising stock with great potentials for investors to consider.
For more information, please visit: www.tracodi.com.vn