Tracodi has appointed Mr. Tran Nguyen Huan as General Director and legal representative, replacing Mr. Pham Dang Khoa, effective October 9th.
The Industrial and Transport Development Investment Joint Stock Company (Tracodi - stock code: TCD) announced a resolution to dismiss Mr. Pham Dang Khoa from his position as General Director and legal representative of the company.
In his resignation letter, Mr. Khoa stated that he needed to focus on his new responsibilities and therefore could not continue in his current position at Tracodi. Mr. Khoa was appointed Vice Chairman of the Board of Directors in February 2023 and assumed the position of General Director in October 2023. After leaving the General Director position, Mr. Khoa retained his role as Vice Chairman of the Board of Directors at the company.
Mr. Khoa has held senior positions at various companies, including Deputy General Director in charge of Business Development at BCG Energy, and Board Member at Skylar and Aurai Wind Energy.
The Tracodi Board of Directors has appointed Mr. Tran Nguyen Huan, the current Deputy General Director, as the General Director and legal representative of the company, replacing Mr. Khoa. Mr. Huan was appointed to the position of Permanent Deputy General Director of Tracodi two months ago.
Prior to joining the company, Mr. Huan held senior management positions such as Deputy General Director of the Construction Division at Thanh Thanh Cong, Deputy General Director of the Engineering Division at Saigon Thuong Tin Real Estate, and Chairman of Toan Thinh Phat Construction Engineering Co., Ltd.
This year, Tracodi aims for net revenue of VND 1,920 billion, a 7.6% increase compared to the previous year. After-tax profit is targeted at VND 185.6 billion, an increase of nearly 6% year-on-year.
For the first half of the year, Tracodi achieved net revenue of VND 684 billion, a 15% decrease compared to the same period last year. Gross profit for this period reached VND 134 billion, with a gross profit margin of 19.7%. After deducting expenses, the company reported a pre-tax profit of VND 69 billion and an after- tax profit of VND 54.2 billion, representing decreases of 39.4% and 38.4% respectively compared to the same period.
After six months, the company had achieved 35.6% of its revenue target and 30% and 29.2% of its profit targets, respectively.
At the annual general meeting, in response to shareholders' questions about the company's plans for new areas in 2024, the management stated that in addition to the Phan Thiet airport project, the Chau Doc - Can Tho - Soc Trang expressway construction project, and the Duc Thinh residential area project, Tracodi is also seeking further projects related to bridges and roads. Furthermore, the company will strengthen its operations in the supply of materials and aggregates. Between now and 2026, with the possibility of the high-speed railway line being approved and construction beginning, Tracodi is exploring and preparing to participate in projects related to this line.
As of the end of Q2/2024, the company had total assets of VND 9,061 billion, a slight decrease of VND 120 billion compared to the beginning of the period. Liabilities amounted to approximately VND 5,237 billion, the majority of which were short-term. Equity was approximately VND 3,825 billion, and undistributed after-tax profit was nearly VND 104 billion.
Source: https://baodautu.vn/tracodi-thay-tong-giam-doc-d227177.html
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