SURICOD.,JSC. reports background

VNStockNews.com - Song Da Urban Investment Construction And Development Joint Stock Company (SURICOD.,JSC.), a subsidiary of Song Da Corp, was established under the decision No 26/TCT-HDQT dated February 13, 2007 by the corporation's management board.

The company presently has a chartered capital of 100 billion dong, with main business lines of constructing urban and industrial zones, traffic works and technical infrastructure, trading service facilities in urban areas, trading construction materials, interior and exterior decoration, and setting up and considering investment projects of civil, industrial, traffic, irrigation works and hydropower plants.

Last year, the company gained total revenue of 142.927 billion dong, profit of 7.381 billion dong and paid dividend of 5% in cash.

In 2009, Suricod JSC aimed to attain the whole year revenue of 217.5 billion dong, profit of 36.25 billion dong and dividend payment of 20%.

In the first six months of this year, the company reported to gain total investment value of 101.141 billion dong, increasing 2.16% year-on-year, revenue of 96.538 billion dong, and pre-tax profit of 22.153 billion dong.

In the period of July-December, the company plans to gain revenue of 121.43 billion dong and pre-tax profit of 20.9 billion dong.

The company also plans to finish the construction projects of Song Da— Ha Dong Building Complex, the construction work on foundation, basements of complex of trade centre and services facilities, offices and apartment at No 25 Tan Mai St, Hanoi.

On August 27, Hanoi Stock Exchange (HNX) approved in principle for the company to list 10 million shares on the northern floor in Sep 2009.