Ho Chi Minh City Technical Infrastructure Investment JSC (stock code: CII) announced that it would waive road fees for vehicles transporting relief goods to the flood-affected regions. This waiver will apply when vehicles pass through toll stations managed and operated by CII.
According to CII’s annual report, the company manages seven BOT projects through its subsidiary, CTCP Dau Tu Cau Duong CII. In 2023, these stations generated a total revenue of over VND 2,300 billion for the company, equivalent to over VND 6 billion per day.
As per CII’s reviewed semi-annual financial statements for 2024, the company recorded VND 1,651 billion in net revenue, almost unchanged from the same period in 2023. Of this, transportation fees accounted for 79%, amounting to VND 1,309.5 billion, an increase of 83.5% compared to the previous year.
Meanwhile, revenue from the real estate sector decreased from VND 708.6 billion to VND 214 billion. Additionally, CII earned VND 65.4 billion from construction and maintenance activities and other sectors.
After deducting expenses, CII’s pre-tax profit for the first half of 2024 was VND 470.2 billion, a 195% increase compared to the same period in 2023. While most of CII’s revenue came from the real estate sector between 2018 and 2022, transportation fees have become the company’s primary source of income since 2023.
As of Q2 2024, CII’s total assets amounted to VND 35,673 billion, a 7% increase from the beginning of the year. The company’s financial debt exceeded VND 19,599 billion (including short-term and long-term financial debt), a 3.8% rise from the start of 2024.
CII’s debt obligations primarily fund its BOT transportation projects. The company has diversified its borrowing sources, including loans from various credit institutions such as Vietcombank, VietinBank, BIDV, VPBank, HDBank, and TPBank, as well as long-term bond issuances.
