Friday, 05/06/2009 08:22

CII: Expected profit in Quart 2/2009

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) announced the company’s business operations as follows:

According to the development plan until 2015 approved by General Meeting, CII finished withdrawing all of 5% charter capital (equivalent to VND15 billion) from Northwest Saigon City Development Corporation on June 2nd 2009.  

CII expected business operations in the first six months of 2009 as follows:

                                                                            Unit: million dongs

Item

Accumulation

in 6 months

of 2008

Accumulation

in 6 months

of 2009

Plan 2009

Compared

with

year 2008

Compared

with

the plan

Total revenues

176,662

174,918

309,970

99.01%

56.43%

Revenue from

sales and services 

89,280

88,764

 

 

 

Financial income 

36,698

84,914

 

 

 

Revenue from

 real estate

50,385

 

 

 

 

Other incomes

298

1,240

 

 

 

Expenses

115,697

55,645

135,569

48.10%

41.05%

Cost of goods sold

43,743

151

 

 

 

Financial expense

14,593

2,903

 

 

 

Selling expense

53,539

48,648

 

 

 

General and

Administrative expense

3,789

3,931

 

 

 

Other expenses

34

12

 

 

 

Profit before tax

60,965

119,273

174,401

195.64%

68.39%

Corporate tax

3,474

8,668

18,352

 

 

Profit after tax

57,491

110,605

156,049

192.39%

70.88%

EPS

1,584

2,904

3,814

183.31%

76.13%

Note:

* In the financial expense above, the provision for the listed stocks (if any) which CII holds until June 2nd 2009 is not included. The list of stocks held by CII is as follows:     

* 1,325,238 HCM shares of Ho Chi Minh City Securities Corporation, with a cost price of VND22,567/ share.

* 753,460 NBB shares of NBB Investment Corporation, with a cost price of VND30,971/ share.

* 2,934,912 LGC shares of LuGia Mechanical Electric Joint Stock Company, with a cost price of VND21,550/ share.

hose

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