CII hopes to earn revenue of 220b dong in 2009

VNStockNews.com - HCM City Technical Infrastructure Investment Joint Stock Co (coded CII) has recently announced that the company estimates to gain profit after tax of 220 billion dong at minimum, equal to 140.98 percent of the year plan, and 165.69 percent against last year.

In addition, ESP of 2009 was expected to be 5,300 dong per share.

CII explained that the additional 40 billion dong of profit in comparison with the profit plan that the company had released previously was because the company would gain some profit from those projects that CII was in process of investment cooperation. Moreover, in 2009, the company plans to gain more profit from transferring shares without paying enterprise income tax of 38 billion dong. This profit would be counted as the company's capital surplus.

Those profit mentioned above exclude the profit or standby fund for listed shares that CII was currently holding up to August 27, such as 1,325,238 HCM shares with initial price of 22,567 dong per share; 765,000 NBB shares with initial price of 37,171 dong per share and 3,229,403 LGC shares with initial price of 21,768 dong per share. Up to August 27, the total profit that CII would gain from its investment was counted at 105 billion dong.