The 2022 business plan with revenue of VND 4,431 billion and after-tax profit of VND 380 billion, was proposed by the Board of Directors of Transport and Industry Development Investment Joint Stock Company (Tracodi, HOSE: TCD) and will be submitted to the upcoming Shareholders' Meeting.

On March 5, Tracodi leaders had a meeting with investors and announced many important information. Accordingly, the corporation plans to increase revenue by 42.3% and after-tax profit by 11% this year.

According to Mr. Nguyen Thanh Hung, Vice Chairman of TCD, this plan was carefully built, based on the signed contracts. A long-term strategy for a three-year period (from 2022 to 2025) was also developed, with the goal of growing 30% in revenue and 15% in after-tax profit.

Looking at what TCD achieved in 2021, the plan for the following years could be considered very ambitious. In 2021, its plan succeeded with revenue increased by 9.1% over the same period the prior year, profit after tax increased by 133%. The bright spot in the financial picture is reflected in the improvement of net profit margin to 11%, compared to 5.1% in 2022. The Company's asset structure has significantly improved, by the end of 2021, the debt to equity (D/E) ratio decreased to 3.5 compared to 8.4 at the end of 2020.

In the revenue and profit structure of TCD, construction continues to play a crucial role. TCD leaders updated investors on the rapid progress of projects under construction as soon as the strategy of "live safely with the pandemic" came to effect.

TCD has finished 80% of the 202 shophouses; 20% of interior infrastructure; 500-700 workers are working 3 consecutive shifts on the construction site to ensure it is on schedule, the project is expected to complete the in 2023. In addition, a model house of the Amor Riverside Villas project has been completed. The large project with 33 villas is under construction and is forecasted to be completed in 2022. Moreover, King Crown Infinity has been completed 100% of the plain concrete cement and bored piles and part of the first floor. Workers is currently working in 3 continuous shifts at the construction site.

The Casa Marina Premium project has completed its model house, public utility is being finished. 100% of the interior infrastructure of The Casa Marina Mui Ne project has been done, the model house has almost completed.

About the Malibu Hoi An, Tracodi has completed 100% of the raw construction, 50% of the apartments and commercial areas, 85% of the raw parts of the villas, almost completed the internal area, it is expected to complete everything in 2022.

Besides residential construction, Tracodi is also finishing rooftop solar power projects for Vinamilk's factories under signed contracts; the runway project of Phan Thiet airport, etc.
In 2022, the Company plans to bid for a number of highway and commercial real estate projects from other investors, other than its parent group, Bamboo Capital.

At the 2022 annual general meeting of shareholders scheduled to be held in this April, the Board of Directors is expected to submit many important resolutions. Accordingly, the Company is predicted to increase its capital to 5,000 VND by issuing shares to existing shareholders at the ratio of 1:1, VND 10,000/share. Annual dividends for 2021 is expected to be 10%, including both cash and shares.
The issuance is expected to reduce the debt-to-equity to less than 2 times, balance the asset and equity structure, especially prepare more resources for becoming a bigger investor of large projects, as the government is encouraging public investment.

By expanding its infrastructure development and public investment segment, Tracodi expects to seize many potential opportunities to continue experience a significant growth in both revenue and profit. Tracodi is issuing shares worth approximately VND 500 billion, for institutional investors with expected price of 20,000 dong/share. Besides, the bondholders of the convertible bond issuance in early 2021 have agreed to convert to shares at the price of VND 12,500/share in this March. Thus, Tracodi is forecasted to have a charter capital of VND 2,450 billion, an increase of VND 550 billion.

According to Stock Investment (Đầu Tư Chứng Khoán).