Logistics firm targets 13% profit growth

Logistics firm targets 13% profit growth

Transimex-Saigon Corporation, which specialises in freight forwarding, container and barge transport, warehousing and port services, and others, hopes to increase its pre-tax profit by 13 per cent this to VND125 billion (US$5.9 million).

At its annual shareholders meeting in HCM City on April 18, the company also agreed to pay a dividend of 18-21 per cent. It paid 18 per cent last year.

The HOSE-listed firm reported a pre-tax profit of VND110.7 billion ($5.24 million) last year, a 16 per cent increase, on revenues of VND398.3 billion, Bui Tuan Ngoc, its chairman, said.

"The company will … invest more in equipment for over and overweight cargo and expand international multimodal transport and distribution services."

It would also improve service quality and marketing, he said.

"The year 2014 will see Viet Nam fully open its logistics market under its WTO commitments, which will make the competition … fiercer."

However, with its good business tradition and more than 30 years of development, the company is confident of achieving its targets, he added.

vietnamnews