On March 7th, 2017, State Securities Commission of Vietnam has issued Decision No. 1172/UBCK-GSĐC approving of TRACODI (TCD) becoming a public company.
In 2016, TCD’s total assets reached 2,449 billion VND and equity more than doubled up to 380 billion VND. Net revenue was 835 billion VND and after-tax profit was 60.7 billion VND, or 338% and 138% up compared to 2015, respectively. The company also sets revenue targets of 918 billion VND for 2017 and 1,029 billion VND for 2018.
TCD’s business results of 2015 and 2016 are as follows: (in VND)
|
Indicators
|
2015 (audited)
|
2016 (unaudited)
|
Percentage change
|
|
Total assets
|
239,827,541,967
|
2,449,716,559,328
|
921%
|
|
Equity
|
113,169,265,666
|
379,890,722.293
|
236%
|
|
Net revenue
|
190,501,720,290
|
833,774,207,475
|
338%
|
|
Operating income
|
30,363,729,000
|
73,771,693,660
|
143%
|
|
Before-tax profit
|
32,793,555,621
|
75,188,893,085
|
129%
|
|
After-tax profit
|
25,462,377,583
|
60,714,735,677
|
138%
|
|
After-tax profit for shareholders of parent company
|
18,707,449,870
|
31,332,438,232
|
67%
|
|
After-tax profit for shareholders of minority interest
|
6,754,927,712
|
29,382,297,445
|
335%
|
Source: TCD’s 2015 and 2016 consolidated financial statements
TRACODI is considered as one of the State-owned Enterprises under the Ministry of Transport and Telecommunications that privatized successfully when attracting long-term investment capital and joint management from Bamboo Capital Joint Stock Company (BCG).
On March 15th, 2017, the company will finalize the shareholders list to register for securities depository at Vietnam Securities Depository. TCD expects to list 32,845,000 shares on Ho Chi Minh City Stock Exchange (HSX) at the beginning of Q2 2017.