Hodeco aims to reach profit growth of 27pct

In the latest annual shareholders meeting held on March 29, 2011, the shareholders of Ba Ria-Vung Tau Housing Development Joint Stock Co (Hodeco – coded HDC) approved some important business targets for the year of 2011 such as pre-tax profit of 165 percent, a year-on-year surge of 27 percent. Hodeco planned to pay 2011 dividend at 25 percent.



In order to reach that goal, at present, the company will concentrate on pushing up construction works in some on-going projects such as Block A and B in the 18-storey residential quarter at No 199 Nam Ky Khoi Nghia St, HCM City; technical infrastructure facilities in Phu My urban area, conducting ground clearance and infrastructure facilities in Ngoc Tuoc 2 villa complex.



At the same time, the company will also cooperate with its partners to carry out Hodeco Sea Village project sited in area of 4.7 hectores in Ward 10, Vung Tau City.

Tags: Vietnam business news, Vietnam companies

Posted by VBN on Mar 30 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry