Tuesday, June 18,2024 - 6:7 GMT+7  Việt Nam EngLish 

Cienco 4 (C4G) target 92% increase in profit after tax in 2024 

 Thursday, April 18,2024

AsemconnectVietnam - Cienco 4 Group Joint Stock Company (code C4G) believes that 2024 will bring many great opportunities for businesses thanks to promoted public investment projects and is the foundation for businesses to grow by 92% of their profit target.

In 2024, C4G believes that the Government, ministries and departments will focus on strategic transportation infrastructure routes such as highways, Long Thanh Airport and a number of other important transportation projects. This is a great opportunity for businesses building transportation infrastructure in general and C4G in particular.
On that basis, C4G sets a target of total revenue of VND4,500 billion, an increase of 65% compared to 2023 and profit after tax of VND250 billion, an increase of 92%. The company also plans to pay dividends at a rate of 8%.
C4G will focus on managing and constructing the North-South expressway project, Dien Chau - Bai Vot section (investment in the form of PPP) ensuring quality, progress, and efficiency; Complete the transfer of the remaining part of the land project corresponding to Hieu - Nghia Dan bridge; Focus on working with the Ministry of Transport and related parties to implement the plan to terminate the contract ahead of time and the State pays costs for the Project at BOT National Highway 3, Thai Nguyen - Cho Moi section. At the same time, maintain and manage good exploitation, ensuring efficiency of BOT invested projects and real estate projects.
In addition, C4G will deploy investment in a number of infrastructure items according to the proposed schedule of the Cau Cau tourist, mixed service and resort project (Nghe An) with an investment of VND1,700 billion; Implement relevant legal procedures to effectively invest in the Quang Tri Airport BOT project.
The company also focuses on investing in renewable energy such as wind power and hydropower; Participate in bidding work, find jobs to create enough jobs for 2024 and support for the following years...
Currently, C4G shares are registered for centralized trading on UPCoM. This year, C4G continues its plan to change floors and list shares on HNX or HOSE after not being able to do so in 2023.
Source: VITIC/Tinnhanhchungkhoan


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