Cuong Thuan IDICO reports 2009 after tax profit of VND46 bil

(ĐN)- Cuong Thuan IDICO Development Investment Corporation on March 15 organized its annual shareholders’ meeting to report business results in 2009 and pass this years business plan. 

Accordingly, the corporation reported VND316 billion net revenue and VND46 billion after tax profit in 2009, achieving 164 percent of the year’s plan.

Cuong Thuan IDICO will debut its shares on the Hochiminh Stock Exchange (HoSE) on March 19. With the chartered capital of VND150 billion, the company will list 15 million shares on HoSE with the ticker of CTI. The debuting price is VND22,000 per share and the limit price change is -/+20%.

Cuong Thuan IDICO Development Investment Corporation mainly operates in civil and industrial construction, works and electrical industry, transportation, construction material trading, etc. It targets a turnover of VND379 billion in 2010.

Reported by T.Thuy