HCMC Infrastructure Co. says first-half profit to rise 51%

Ho Chi Minh City Infrastructure Investment Joint-Stock Co. said it expects first half after-tax profit to reach VND86.7 billion (US$4.9 million), up from VND57.5 billion a year earlier.

The company told the Ho Chi Minh Stock Exchange that it expects first- half costs to drop to VND66.3 billion from VND115.7 billion in the same period last year, without offering an explanation for its projection.

Its share (CII) Thursday rose 4.9 percent to a three-week high of VND34,100.

thanhnien

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