The Construction Joint Stock Co No 2 (Vinaconex 2 – coded VC2) announced to gain low profit in Q1 of 2012. The company expects to gain more revenue and profit in the coming quarters after the company reports revenue gained from real estate projects such as Dong Ngac and Quang Minh apartment complex.
At present, the company has completed the necessary procedures to list additional 4 million shares on the stock market. These shares were issued in early 2012 to raise chartered capital from 80 billion dong to 120 billion dong. It was expected that the shares would be floated on Hanoi Stock Exchange (HNX) in the middle of Q2.
This year, VC2 plans to reach targeted revenue of 752.5 billion dong and pre-tax profit of 33.5 billion dong.