Board of Directors of Transport and Industry Development Investment JSC (Tracodi, HOSE: TCD) has approved to elect Mr. Nguyen Ho Nam who replaces Mr. Dang Trung Kien as new Chairman.
Accordingly, Mr. Dang Trung Kien who is elected to hold position of Vice Chairman. Also, Mr. Nguyen Thanh Hung is appointed as new General Direct of Tracodi.
In 2017, TCD has planned to achieve VND 879 billion in consolidated revenue and VND 63,67 billion in profit after tax respectively, and expected to pay annual dividend from 10-12%.
According to TCD, the Company is expected to earn VND 297 billion in consolidated revenue and VND 26,4 billion in profit before tax respectively in Q3/2017, up over 45% compared with Q1 and Q2. TCD is expected to reach VND 672 billion and over VND 62 billion in accumulated revenue and profit before tax respectively which meeting 83% of the estimate.
In the remaining months of 2017, TCD is predicted to exceed its 2017 plan with the significant revenue gaining from the completion of BOT 830 project in the end of this year. In addition, TCD is expected to earn large revenue contributed by its subsidiary Antraco via launching new artificial sand product, which helping Antraco has almost met its 2017 plan within first nine months of 2017.
The appointment of Mr. Nguyen Thanh Hung as new CEO who is responsible for executing TCD’s strategic direction focusing on infrastructure construction sector by implementing key projects invested by Bamboo Capital JSC (HOSE:
BCG) such as: solar projects in Long An province other provinces; social houses and other projects in Long An province.