In fiscal 2017, we delivered a strong business performance, achieved VND 1.096 billion in consolidated revenue and VND 91.4 billion in profit before tax, equivalent 124,6% and 121,7% of the plan approved by the Annual General Meeting of Shareholders 2017.
Entering 2018, we are determined to conquer bigger objectives in order to generate more profitable growth and create sustainable shareholder values. TCD will propose its annual plan VND 1.150 billion of consolidated revenue and VND 96,38 billion of profit before tax at the Annual General Meeting 2018 will be held on 15 June 2018.
During the period of 2018 - 2020, TCD strategically focuses on core businesses including trading, quarrying, infrastructure construction, and real estate. In particular, TCD will mainly focus on infrastructure and real estate projects including building social houses in Long An Province, Malibu Villas in Quang Nam Province, Thao Dien Residential in District 2 and infrastructure construction for renewable energy projects owned by its parent company, Bamboo Capital Group (BCG).
Woomi Construction has purchased 1.72 million shares of Tracodi (TCD) on 05/16/2018, representing 5% of total TCD shares, and has officially become a major shareholder of the company. Up to date, Woomi Construction has become the fourth major shareholder of TCD, followed by Intact Management (Taiwan), Bao Viet Securities Joint Stock Company, and BCG.
According to plan, Woomi Construction will support TCD as a technical consultant and mainly be in charge of technology transfer, with the intention to help TCD become one of the leading construction companies in Vietnam. In return, this is also a great opportunity for Woomi Construction to officially step in Vietnam construction market and further enhance the company’s international expansion.