Deo Ca estimates 9-month profit to increase by 17% over the same period, completing 90% of the yearly plan.

Accumulated to the end of the third quarter of 2024, Deo Ca Transport Infrastructure Investment Joint Stock Company (Stock code: HHV) achieved consolidated revenue of VND 2,277 billion, after-tax profit of VND 361 billion, completing about 90% of the 2024 plan.

HHV is mobilizing resources and equipment to speed up the construction progress of the Quang Ngai - Hoai Nhon Expressway Project.

Deo Ca Transport Infrastructure Investment Joint Stock Company is mobilizing resources and equipment to speed up the construction progress of the Quang Ngai - Hoai Nhon Expressway Project.

A representative of Deo Ca Transport Infrastructure Investment Joint Stock Company said that the Company's consolidated revenue in the third quarter of 2024 is expected to reach VND 773 billion, an increase of nearly VND 100 billion compared to the same period in 2023, equivalent to an increase of 15%. The largest contributors to revenue and growth are BOT toll collection and construction activities.

Contributing the largest proportion to revenue and growth are BOT toll collection and construction activities. In detail, BOT toll collection revenue is estimated at VND 471 billion, up 20% over the same period. Construction revenue is estimated at VND 250 billion, accounting for 32% of total revenue in the third quarter of 2024.

Accumulated in the first 9 months of 2024, Deo Ca Transport Infrastructure Investment Joint Stock Company's consolidated revenue is estimated at VND 2,277 billion, after-tax profit is about VND 361 billion, up 25% and 17% respectively over the same period last year. With this result, Deo Ca Transport Infrastructure Investment Joint Stock Company is forecast to have completed about 90% of its 2024 business plan.

It is known that Deo Ca Transport Infrastructure Investment Joint Stock Company is the main contractor of the Quang Ngai - Hoai Nhon Expressway project, the largest project among 12 North - South Expressway component projects in the East. By the end of September 2024, the total output of the entire project will reach more than 6,100 billion VND, equivalent to more than 45% of the total volume implemented under the contract.

Mr. Nguyen Quang Huy - General Director of Deo Ca Transport Infrastructure Investment Joint Stock Company said that the entire project has more than 4,000 workers, more than 1,750 pieces of equipment, organized in 3 shifts to speed up production, aiming to complete the project by the end of 2025 (8 months ahead of schedule compared to the contract).

In the field of operation management, in the third quarter of 2024 alone, the Deo Ca Transport Infrastructure Investment Joint Stock Company consortium won the bid for the package of regular management and maintenance of the expressway traffic infrastructure from the North of Tam Diep tunnel to Dien Chau (Km288+00 - Km420+00), on the route there are 3 tunnels through the mountains: Tam Diep, Thung Thi and Truong Vinh. And the package of regular management and maintenance of the My Thuan 2 bridge traffic infrastructure and the approach roads at both ends of the bridge, My Thuan - Can Tho expressway.

Up to now, Deo Ca Transport Infrastructure Investment Joint Stock Company is managing and operating a total of 6 expressways and National Highway 1 through Khanh Hoa province, My Thuan 2 Bridge and 11 mountain tunnels. Of which, there are 4 largest mountain tunnels in Vietnam: Hai Van tunnel, Deo Ca tunnel, Nui Vung tunnel and Cu Mong tunnel.

Source: https://baodautu.vn/deo-ca-uoc-loi-nhuan-9-thang-tang-17-so-voi-cung-ky-hoan-thanh-90-ke-hoach-nam-d226403.html