Infrastructure company faces loss

HCM City Infrastructure Investment Co (CII) is likely to incur a loss in the second quarter due to difficulties in the business environment, said the company’s financial director and chief accountant, Le Quoc Binh. CII’s costs had increased significantly on the back of tightened monetary and credit policies, as well as the interest rates being charged by banks, Binh said. CII shares yesterday plunged to their floor price of VND25,600 (US$1.24) per share.

Tags: Vietnam Infrastructure

Posted by VBN on Jun 9 2011. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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