BCG targets 30 per cent growth
BCG targets 30 per cent growth
Bamboo Capital JSC has set revenue and profit targets of VND1.77 trillion (US$78.3 million) and VND81 billion this year, 8 per cent and 30 per cent higher than last year.
Speaking at the annual shareholders meeting in HCM City on Thursday, Nguyen Thanh Hung, BCG’s deputy general director, said in the short term, exports would be the main contributor to revenues and profit.
This year, the company plans to increase exports of cocoa, cassava starch, coffee and micro-organic fertilisers.
It will speed up work on a BOT project to widen and upgrade DT830 road in Long An Province and do a study on building a part of the North - South expressway project, social housing for workers in Long An Province, and other projects.
Renewable energy, especially solar, is also in its long-term plans, Hung said. BCG has already received approval to build four solar farms, including two in Long An.
Nguyễn Hồ Nam, BCG’s chairman, said South Korea’s Green Eggs Co., Ltd, which owns a 3.5 per cent stake in BCG, plans to invest an additional $10 million in the company for the solar projects in Long An.
Nam said agricultural production and trading, infrastructure, real estate and renewable energy are among the company’s core businesses in the 2017-20.
In 2015-17, agriculture accounted for the biggest share of profits, but from 2020 renewable energy, infrastructure and real estate would take over, he said.
The company did not pay dividends last year but will be 6 per cent for 2017.
