Deo Ca is researching investment in many large-scale transportation projects.

The above information was shared by Mr. Khuong Van Cuong, General Director of Deo Ca Group, at the 2024 Annual General Meeting of Shareholders, held on the morning of June 26th in Ho Chi Minh City.

Mr. Khuong Van Cuong, General Director of Deo Ca Group, predicted that the company will develop strongly in both scale and number of projects. Photo: Organizing Committee

According to Mr. Cuong, in 2023, Deo Ca Group recorded positive indicators with consolidated revenue reaching VND 6,622 billion, an increase of 50.5% compared to 2022.

Specifically, revenue from services and construction reached VND 6,358 billion, and revenue from financial activities reached VND 264 billion, increasing by nearly 52% and over 22% respectively compared to 2022. Net profit after tax reached VND 642 billion, an increase of 53.22% compared to 2022.

As of December 31, 2023, Deo Ca Group's total assets reached over VND 36,780 billion, with charter capital exceeding VND 4,206 billion. The company distributed cash dividends for 2023 at a rate of 4% of charter capital, equivalent to over VND 168 million.

In 2024, Deo Ca Group set production and business targets with a consolidated revenue target of VND 8,956 billion, an increase of 35.25% compared to 2023. The target for after-tax profit is VND 733 billion, an increase of 14.17% compared to the same period.

Overview of the shareholders' meeting of Deo Ca Group. Photo: Organizing Committee.

In particular, in the first quarter of 2024, revenue reached VND 1,750 billion, an increase of 121.52% compared to the same period last year. After-tax profit reached VND 169 billion, a growth of 39.67% compared to the first quarter of 2023.

Speaking about investment activities, Mr. Cuong said that the joint venture of Deo Ca Group has just completed the Cam Lam - Vinh Hao expressway with a total investment of over 8,900 billion VND, which was put into operation at the end of April 2024.

Currently, the unit is implementing the Dong Dang – Tra Linh expressway project (phase 1) with a total investment of over 14,300 billion VND (commencing in January 2024) and the Huu Nghi – Chi Lang expressway with a total investment of over 11,000 billion VND (commencing in April 2024).

Deo Ca Group is researching investment opportunities in several projects in Ho Chi Minh City, such as the Ring Road 4 and the Ho Chi Minh City – Chon Thanh route.

According to the leaders of Deo Ca Group, the Vietnamese government aims to complete 5,000km of expressways by 2030 and to develop Vietnam's railway system by 2025, striving to complete the investment approval and the entire North-South high-speed railway line before 2045.

Given the enormous potential for transportation infrastructure development, Deo Ca Group is committed to a focused growth strategy, setting specific goals for each short-term, medium-term, and long-term period, and strongly developing both the scale and number of projects.

In terms of investment activities, Deo Ca Group continues to research and invest in projects such as Tan Phu – Bao Loc, Ho Chi Minh City – Chon Thanh, Ring Road 4 section through Binh Duong province, Ho Chi Minh City – Trung Luong – My Thuan (phase 2)… with a total investment of nearly 80,000 billion VND, and the Vietnam – Laos railway project section Vung Ang – Mu Gia, valued at over 47,600 billion VND.

Regarding construction activities, Deo Ca continues to carry out a large volume of work on the North-South expressway phase 2, such as the Quang Ngai - Hoai Nhon expressway, with a total investment of over 20,400 billion VND.

In addition, construction is underway on the Chi Thanh – Van Phong, Tuyen Quang – Ha Giang, Khanh Hoa – Buon Ma Thuot expressways, the Ho Chi Minh Highway section from Chon Thanh to Duc Hoa, the Ho Chi Minh City Ring Road 3, the Tan Van interchange, two connecting roads to Long Thanh Airport (part of the Long Thanh International Airport project), and the Khe Net railway tunnel (part of the Hanoi – Ho Chi Minh City railway line)… with a total value of nearly 15,000 billion VND.

Regarding operational management, with its experience, capabilities, and modern, specialized equipment, Deo Ca will continue to bid to become the unit managing and operating the roads and tunnels through the mountains on the North-South expressway, phase 2, in the near future.

To participate in investing in nearly 400km of expressways and railway projects amidst limited resources, Deo Ca Group innovatively utilized the PPP++ model to diversify funding sources, increase mobilization efficiency, and minimize risks throughout the project implementation process.

In this context, P1++ represents budget capital (including central and local government budget capital), P2++ represents equity capital from primary and secondary investors, and P3++ represents capital raised from credit institutions, business partnerships, bonds, etc.

Furthermore, human resources are a crucial element in a company's sustainable development strategy. With the perspective that "People and culture are two things that cannot be borrowed," Deo Ca always prioritizes training activities to enhance professional skills and corporate culture.

Source: https://www.baogiaothong.vn/deo-ca-nghien-cuu-dau-tu-nhieu-du-an-giao-thong-lon-192240626093453201.htm