Vinasun Corp targets 92b dong profit in 2008

Saturday, April 26, 2008
Anh Duong Viet Nam Joint Stock Corp (Vinasun) recently reported gaining revenue of over 549 billion dong in 2007, rising 107.4% against 2006 and 73.6 billion dong from after tax profit.
The company also targets to earn 92 billion dong in pre tax profit this year and pay a 2007 dividend of 18% that could be 20% for 2008.
Now, Vinasun Corp is managing nearly 1,500 cabs and coaches that could be 2,500 at the end of this year.
At present, the company holds 35% of HCM City's market share, 50% in neighbouring province of Binh Duong and being one of the most prestigious and quality firms in Vietnam.
In addition, Vinasun also invests in real estate field with many big projects including apartment project in Dist 8, Tan Da trade centre in Dist 5, Tay Bac (Northwest) Cu Chi villas area, Vinasun urban zone in Dong Thap and Vinasun Tower project in district 1.
The company expected that these projects when put into operation would bring in over 30 billion dong from after tax profit. (DTCK)