Listed Company CII Bridge and Road Investment (stock code LGC) has just announced its consolidated financial statements for Q2 2024 with a surprising profit.
Specifically, the company’s revenue for the period was VND 640 billion, nearly double that of the same period last year. After deducting the cost of goods sold, LCG’s gross profit was VND 411.5 billion, compared to VND 204 billion in Q2 2023. Financial revenue also increased tenfold year-on-year.
Net income for Q2 2024 was VND 240 billion, more than four times that of Q2 2023, after deducting all expenses.
For the first six months of the year, LGC reported consolidated revenue of VND 1,336 billion, up 87%, and net income of VND 498 billion, up 161% compared to the same period last year. Net profit was VND 365 billion, 4.4 times higher.
Its parent company, CII, also reported significant profits, mainly due to toll collection from the Trung Luong – My Thuan BOT project. Trung Luong – My Thuan BOT JSC is the direct operator of this expressway and has been a subsidiary of CII since Q4 2023.
As for LGC, one of CII’s subsidiaries specializing in bridge and road investment, it is currently collecting tolls on the Trung Luong – My Thuan Expressway Phase 1, the Hanoi Highway Expansion project, and the National Highway 60 Expansion project, which connects Ben Tre and Tra Vinh provinces.
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Tracodi (TCD) earns 163 billion VND profit in 2023
Throughout the year 2023, Tracodi achieved a consolidated net revenue of VND 1,784.5 billion and a post-tax profit of VND 163.3 billion.
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Novaland reports over VND 1,600 billion in profit for Q4/2023, bond debt reduced by VND 6,000 billion in one year.
In 2023, Novaland achieved a profit of over 800 billion VND, in contrast to the first half of the year when the company incurred a loss of over 1,000 billion VND.
