{"id":14811,"date":"2023-12-21T03:17:59","date_gmt":"2023-12-21T03:17:59","guid":{"rendered":"https:\/\/hhv.com.vn\/?p=14811"},"modified":"2023-12-21T03:17:59","modified_gmt":"2023-12-21T03:17:59","slug":"transport-heavyweight-deo-ca-estimates-2023-profit-9-higher-than-target","status":"publish","type":"post","link":"https:\/\/hhv.com.vn\/en\/transport-heavyweight-deo-ca-estimates-2023-profit-9-higher-than-target\/","title":{"rendered":"Transport heavyweight Deo Ca estimates 2023 profit 9% higher than target"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Deo Ca Transport Infrastructure Investment JSC, a subsidiary of \u201ctunnel king\u201d Deo Ca Group, expects its 2023 profit to reach VND370 billion ($15.2 million), up 24% year-on-year and exceeding the plan by 9%.<\/strong><\/p>\n<p style=\"text-align: justify;\">The company, listed on the Ho Chi Minh Stock Exchange (HoSE) as\u00a0<em>HHV<\/em>, said this year\u2019s revenue is expected to hit VND2.56 trillion ($105.2 million), an increase of 22%.<\/p>\n<p style=\"text-align: justify;\">The business results are better than expected as its build-operate-transfer (BOT) projects have seen vehicle traffic growing again post the pandemic, resulting in increased toll revenue compared to 2022.<em>\u00a0HHV\u00a0<\/em>has also implemented a series of large projects using public investment.<\/p>\n<figure style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/i.ex-cdn.com\/theinvestor.vn\/files\/content\/2023\/12\/20\/hhv-the-investor-1540.jpg\" alt=\"An expressway section contructed by Deo Ca Transport Infrastructure Investment JSC. Photo courtesy of the company.\" \/><figcaption><\/figcaption><figcaption><span style=\"font-size: 12pt;\"><em>An expressway section contructed by Deo Ca Transport Infrastructure Investment JSC. Photo courtesy of the company.<\/em><\/span><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">In 2023, amid a rising wave of public investment,<em>\u00a0HHV\u00a0<\/em>has continuously won bids for high-value projects such as Quang Ngai-Hoai Nhon Expressway, a project to upgrade and expand Prenn Pass in Lam Dong province, Binh Dinh coastal road, and a coastal road connecting to Lien Chieu port in Da Nang city.<\/p>\n<p style=\"text-align: justify;\">At an investment promotion program in early November, an<em>\u00a0HHV\u00a0<\/em>leader noted that the government&#8217;s determination to complete 5,000 kilometers of expressways by 2030 and preparations for the construction of the North-South high-speed railway bring great prospects to transport infrastructure developers like\u00a0<em>HHV<\/em>.<\/p>\n<p style=\"text-align: justify;\">\u201cThe country has put into operation more than 1,800 kilometers of expressways. This is a great chance for<em>\u00a0HHV\u00a0<\/em>to engage in investment, construction, management and operation of the expressway network,\u201d he said.<\/p>\n<p style=\"text-align: justify;\">In the 2023-2025 period,<em>\u00a0HHV\u00a0<\/em>proposes to invest in developing nearly 400 kilometers of expressways, including the Dong Dang-Tra Linh Expressway connecting Lang Son and Cao Bang provinces, Huu Nghi-Chi Lang Expressway in Lang Son province, Tan Phu-Bao Loc Expressway in Lam Dong province, and Ho Chi Minh City-Chon Thanh Expressway\u2019s section through Binh Duong province with a total investment of about VND100 trillion ($4.1 billion).<\/p>\n<p style=\"text-align: justify;\"><em>HHV<\/em>\u00a0has initially achieved its strategic goal when a consortium comprising Deo Ca Group, ICV Vietnam Investment and Construction JSC,<em>\u00a0HHV\u00a0<\/em>and 568 Construction JSC was selected as the investor to implement the first phase of the Dong Dang-Tra Linh Expressway under the public-private partnership (PPP) format, with a total investment capital of VND14.17 trillion ($583.63 million).<\/p>\n<p style=\"text-align: right;\"><strong>My Anh, Hue Pham<\/strong><\/p>\n<p>Source: <a href=\"https:\/\/theinvestor.vn\/transport-heavyweight-deo-ca-estimates-2023-profit-9-higher-than-target-d7907.html\">https:\/\/theinvestor.vn\/transport-heavyweight-deo-ca-estimates-2023-profit-9-higher-than-target-d7907.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deo Ca Transport Infrastructure Investment JSC, a subsidiary of \u201ctunnel king\u201d Deo Ca Group, expects its 2023 profit to reach VND370 billion ($15.2 million), up 24% year-on-year and exceeding the plan by 9%. The company, listed on the Ho Chi Minh Stock Exchange (HoSE) as\u00a0HHV, said this year\u2019s revenue is expected to hit VND2.56 trillion &#8230; <a title=\"Transport heavyweight Deo Ca estimates 2023 profit 9% higher than target\" class=\"read-more\" href=\"https:\/\/hhv.com.vn\/en\/transport-heavyweight-deo-ca-estimates-2023-profit-9-higher-than-target\/\" aria-label=\"More on Transport heavyweight Deo Ca estimates 2023 profit 9% higher than target\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":14812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[],"class_list":["post-14811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Transport heavyweight Deo Ca estimates 2023 profit 9% higher than target - Deo Ca Traffic Infrastructure Investment Joint Stock Company<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hhv.com.vn\/en\/transport-heavyweight-deo-ca-estimates-2023-profit-9-higher-than-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transport heavyweight Deo Ca estimates 2023 profit 9% higher than target - Deo Ca Traffic Infrastructure Investment Joint Stock Company\" \/>\n<meta property=\"og:description\" content=\"Deo Ca Transport Infrastructure Investment JSC, a subsidiary of \u201ctunnel king\u201d Deo Ca Group, expects its 2023 profit to reach VND370 billion ($15.2 million), up 24% year-on-year and exceeding the plan by 9%. 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