According Industry and Transport Development Investment Joint Stock Company (HOSE: TCD), its profit before tax for the first 6 months of 2019 will be reached VND 36.5 billion (the separate report).

In particular, in the second quarter of 2019 the revenue and profit before tax are estimated to reach VND 310 billion and VND 31.5 billion respectively. The profit before tax is estimated to be 14 times higher than the same period in 2018. In the first six months of 2019, the company is estimated to achieve VND 375 billion in revenue and VND 36.5 billion in pre-tax profit correspondingly, meeting 52% and 50.4% of the 2019 plan respectively.

In the first six months of 2019, the revenue is estimated to increase sharply higher than the same period in 2018 with contribution from construction sector by VND 231.7 billion, meeting 53.2% of the plan and accounted for 60% of total revenue in 1H2019 interim report. In particular, the revenue has come from BCG CME Long An 1 Solar Power Plant project with a total investment of VND 1,080 billion. In addition, the revenue has come from Malibu Hoi An project (Quang Nam) with a total investment of over VND 2,500 billion and King Crown project (District 2) with a total investment of over VND 1,500 billion.  

Trading sector is estimated to earn VND 143 billion in the first six months of 2019, which mainly come from export of cassava starch, accounting for 37% of total revenue in 1H2019 interim report, presenting 50.2 % of the plan. Commercial activity of cassava starch has grown steadily due to investment in Tapiotek, a modified cassava starch production company, who has the largest factory in the South.

At the 2019 Annual General Meeting of Shareholders, shareholders approved the dividend 2018 with payout rate of 15% (10% in shares, 5% in cash), which is expected to be implemented in the third quarter of 2019. In addition, the shareholders approved the plan 2019 with its revenue and profit before tax are VND 1,053 billion and VND 108 billion respectively, dividend payout rate will be up to 20%.