DIC, C32 announce business plan for 2014

DIC Investment & Trading Joint Stock Company (DIC) and Construction Investment Corporation 3-2 (C32) recently announced their business plan for 2014.

DIC will set revenue target at VND2.98 trillion and gross profit at VND23.5 billion for. In 2013, the company estimated production at VND3.2 billion with a revenue of VND2.8 trillion. This gave them a gross profit of VND22.9 billion and dividend payout ratio of 6 percent, which exceeded 39 percent of the company’s business plan.

C32 seeks target revenue of VND435 billion and net profit of VND60 billion for 2014. The company will continue excavation at Tan Dong Hiep Quarry and invest in a new site with VND35 billion.

In 2013, C32’s revenue was VND420.8 billion, a 26 percent increase. This exceeded the business plan by 3 percent. The company’s net profit was VND63 billion, exceeding the business plan by 28 percent.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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