Transport and Industry Development Investment Joint Stock Company (Tracodi)

TRACODI enterprises honoured in the top 500 most profitable in Vietnam in 2019


According to the official announcement of Vietnam Report on November 6, 2019, Industry and Transport Development Investment Joint Stock Company (TRACODI, Stock code: TCD) ranked 302 out of 500 most profitable enterprises in Vietnam in 2019.

Mr. Hung - General Director of TRACODI received certification at the Announcement Ceremony.

The announcement ceremony of the Top 500 most profitable enterprises in Vietnam in 2019 (Profit 500) was organized by Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietNamNet - Ministry of Information and Communications function. PROFIT500 is based on the results of independent research and evaluation according to international standards of Vietnam Report and a panel of domestic and foreign experts advising - especially Prof. John Quelch, Former Vice Rector of Harvard Business School.

PROFIT500 rankings are based on criteria such as indicators reflecting profitability (ROA, ROE); profit before tax; revenue, rate of return on equity of the business. Asset Size Criteria; Labor size; Revenue growth potential; profit.

Speaking at the announcement ceremony, Vu Dang Vinh - General Director of Vietnam Report Company said: “Enterprises honored at the PROFIT500 announcement ceremony are representatives who have achieved impressive business results, has good profitability, has the potential to become a pillar for the future development of Vietnam's economy”.

Therefore, many domestic and foreign financial institutions (banks and investment funds) highly appreciate PROFIT500, considering it a reputable reference information channel when assessing the Vietnamese market due to its assurance of objective principles, transparency and science.

This is the first year Tracodi in the Top 500 PROFIT ranking after 2 years of restructuring, demonstrating the continuous efforts of the company in the market. Sharing about the development strategy for the period of 2019 - 2023, Nguyen Thanh Hung - General Director of Tracodi said: “We promote the capacity of construction and installation, perform well as a contractor for the company's projects Bamboo Capital Group (BCG), prioritizing development solar power projects to meet the electricity needs of the people, besides, builds real estate projects to help change the face and develop the local economy and job problem - solving.

According to the Financial Report of the third quarter of 2019 Tracodi has announced, the revenue and cumulative profit before tax in the first 9 months of 2019 reached VND 1,090 billion and VND 56.3 billion. Accumulated revenue in the first 9 months of 2019 reached 103% of the plan for 2019, an increase of 103% over the same period in 2018. Accumulated pre-tax profit in the first 9 months of 2019 reached VND 56.3 billion, up 85% over the same period year 2018.

Estimated business results in 2019 TCD will confidently complete the year plan, profit after tax from 86 billion VND to 90 billion VND. TCD ensures to maintain EPS from 2,000 VND / share; maintain stable annual growth from 15% and dividend rate from 15%.