HCMC infrastructure firm expects higher net profits

Ho Chi Minh City Infrastructure Investment Co., which primarily operates as a collector of tolls and fees for BOT (build-operate-transfer) projects, expects rises in net profit and earning on shares (EPS) this year over its profitable investment portfolio and stable profits from its prime business, according to financial director Le Quoc Binh.

The company expects net profits in 2009 will rise 17.5 percent to VND156 billion (US$8.76 million) and its EPS would increase 14 percent to VND3,814, Binh said at a meeting with investors.

He said the expectation could be met thanks to the company’s profitable investment portfolio and profits from collecting traffic fees, which aren’t affected by the global financial recession.

Dau Tu Chung Khoan, thanhnien

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