Vinalines Logistics targets 10% profit growth in 2018
Vinalines Logistics targets 10% profit growth in 2018
Vinalines Logistics Viet Nam Joint Stock Company targets a total revenue of more than VND3.5 trillion (US$153.2 million) and a pre-tax profit of VND22 billion in 2018.
The figures mark a year-on-year increase of six per cent and 10 per cent, respectively.
This was revealed in a company document ahead of the 2018 shareholders’ meeting on June 15.
The firm also plans to produce 51,000 TEUs (twenty-foot equivalent units) of commodity output and a dividend yield of seven per cent.
According to Vinalines Logistics’ leaders, the market will face many difficulties in 2018 due to fierce competition from domestic and foreign competitors; therefore, the company intends to maintain a profit growth of three to five per cent compared to 2017. The goal in 2018 is to improve the quality of logistics services and expand the business area to upgrade the Vinalines Logistics brand within and outside the country.
Also in 2018, Vinalines Logistics will complete the final step to operate Vinalines Hoa Lac Logistics Joint Stock Company and deploy necessary procedures to build a warehouse, yard systems and a logistics centre at the Hoa Lac High Tech Park.
Last year, the firm recorded a total revenue and pre-tax profit of nearly VND3.29 trillion and VND19.8 billion, respectively.
