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Companies draft strategies to increase 2015 earnings

After ending last year on a high note, many listed companies have started to plan for more profit growth in 2015.
After ending last year on a high note, many listed companies have started to plan for more profit growth in 2015.

TMTAutomobile Company (TMT) expressed high hopes for 2015 that arereflected in its ambitious financial targets. The company expects tosell nearly 7,900 vehicles this year, almost triple its 2014 sales ofover 2,900.

Revenue is also projected to more than double fromlast year, rising from 1.38 trillion VND (64.5 million USD) to nearly3.1 trillion VND (144.1 million USD). Its 2015 net profit prospectclimbed from 62.2 billion VND (2.9 million) USD in 2014 to 150 billionVND (7 million USD) by this year-end.

Tan Tao InvestmentIndustrial Company (ITA) posted impressive performance last year withpre-tax profits expected to reach 108 billion VND (5 million USD), arise of 20 percent over its yearly goal. This year, the company aims todouble or triple revenue and profit, in addition to achieving dividendpayouts of 12-15 percent.

The company has completed negotiationswith partners from Taiwan (China) and Japan to lease land at its twoindustrial parks, Tan Tao and Tan Duc. The land handover is expected tofinish early this year.

Ho Chi Minh City InfrastructureInvestment Company (CII) has also approved its 2015 business plan, whichsets a revenue goal of nearly 3.15 trillion VND (147.2 million USD) andaims for 462 billion VND (21.6 million USD) in after-tax profit.

Atthe end of 2014, the infrastructure developer expected to earn 380billion VND (17.8 million USD) in after-tax profit, surpassing itsyearly target of 63 percent, and predicted paying at least 20 percent individends this year.

Imexpharm Corporation (IMP) hiked its 2015revenue growth by around 16 percent, rising from over 907.5 billion VND(42.4 million USD) to 1.05 trillion VND (49 million USD). Its pre-taxprofit is expected to hit 130 billion VND (6 million USD).

Lastyear, the pharmaceutical company reported net profit of 85.5 billion VND(4 million USD), an increase of 41 percent over the target.-VNA

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