As estimated, Tracodi (HOSE: TCD) will reach the profit before tax of VND 26.4 billion in third quarter of 2017.
In Q3/2017, TCD is expected to achieve the consolidated revenue of VND 297 billion and profit after tax of VND 26.4 billion respectively, up 8% compared with the same period of last year. Accordingly, in the first 9 months, the accumulated revenue and profit after tax are respectively forecasted to reach 672 and 62.24 billion VND, meeting 83% of the annual plan. Tracodi is predicted to exceed its 2017 target with significant revenue gaining from the completion of project BOT 830 (Road upgrade and expansion for provincial road 830).
Together with artificial sand production line, Antraco’s quarry are expected to bring significant revenue for TCD. Antraco reported its profit after tax of the first 8 months of 2017 has met 88% of the annual plan.
The TCD stock price has showed the upward trend from the beginning of September. On Sep 8th, TCD closed at VND 18,600/share, with the average volume of 160,350 shares being traded per day.