Kinh Bac urban developer reports 134.8b dong profit in Q1

Thursday, May 15, 2008
Kinh Bac Urban Development Joint Stock Co (coded KBC) recently reported business result in the first quarter of the year with 358 billion dong in net revenue from sales and services provision, 360.7 billion dong in total revenue or 30.34% of the year's plan, 134.8 billion dong from after tax profit, equalling to 22.06% of the year's target, and EPS was 1,605 dong.

Reportedly, last year the company made a revenue of 538.6 billion dong, 320.3 billion dong from after tax profit and dividend of 43% in shares.

This year, KBC plans to invest in a series of business projects like the project capitalised at US$100 million to expand Que Vo industrial zone covering on an area of 600 hectares, the US$200 million project to develop Yen Phong industrial and urban zone in Bac Ninh province and the US$200 million project to invest in Phuc Ninh urban park.