Mai Linh Group targets 3.68tr dong revenue in 2008

Wednesday, May 21, 2008
Mai Linh Group (MLG)'s shareholders' meeting held on May 19 passed this year's business plan with 3.68 trillion dong in revenue, of which the Mai Linh Group Joint Stock Co's revenue could be 1.118 trillion dong and 176 billion dong in profit within this year.

This year, the company also plans to list shares in Ho Chi Minh Stock Exchange (STC) in August and increase its fleet to 8,300 cabs and coaches.

Last year, the whole Mai Linh Group made a revenue of 2.403 trillion dong, rising 100.08% against 2006. Of which, Mai Linh Group Joint Stock Co contributed 699 billion dong, increasing 85.22% from 2006.

So far, Mai Linh Group has launched its network to 52 provinces nationwide and plans to expand its service distribution network to Cambodia, Laos, Russia and the US in the upcoming time.