Companies draft strategies to increase 2015 earnings

15:59 | 25/02/2015 Companies

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

Companies draft strategies to increase 2015 earnings

TMT Automobile Company (TMT) expressed high hopes for 2015 that are reflected in its ambitious financial targets. The company expects to sell nearly 7,900 vehicles this year, almost triple its 2014 sales of over 2,900.

Revenue is also projected to more than double from last year, rising from VND1.38 trillion (US$64.5 million) to nearly VND3.1 trillion ($144.1 million). Its 2015 net profit prospect climbed from VND62.2 billion ($2.9 million) in 2014 to VND150 billion ($7 million) by this year-end.

Tan Tao Investment Industrial Company (ITA) posted impressive performance last year with pre-tax profits expected to reach VND108 billion ($5 million), a rise of 20 per cent over its yearly goal. This year, the company aims to double or triple revenue and profit, in addition to achieving pidend payouts of 12-15 per cent.

The company has completed negotiations with partners from Taiwan and Japan to lease land at its two industrial parks, Tan Tao and Tan Duc. The land handover is expected to finish early this year.

HCM City Infrastructure Investment Company (CII) has also approved its 2015 business plan, which sets a revenue goal of nearly VND3.15 trillion ($147.2 million) and aims for VND462 billion ($21.6 million) in after-tax profit.

At the end of 2014, the infrastructure developer expected to earn VND380 billion ($17.8 million) in after-tax profit, surpassing its yearly target of 63 per cent, and predicted paying at least 20 per cent in pidends this year.

Imexpharm Corporation (IMP) hiked its 2015 revenue growth by around 16 per cent, rising from over VND907.5 billion ($42.4 million) to VND1.05 trillion ($49 million). Its pre-tax profit is expected to hit VND130 billion ($6 million).

Last year, the pharmaceutical company reported net profit of VND85.5 billion ($4 million), an increase of 41 per cent over the target.

Source VNS