Coteccons received the Achievement Award to honor the members of Vietnam Stock Market

On April 25, 2024, the Board of Directors of Coteccons Construction Joint Stock Company (stock code: CTD) approved the Decision to revise the business plan for fiscal year 2024 (spanning from July 1, 2023 to June 30, 2024). Specifically, Coteccons sets a new revenue target of 20,000 – 20,500 billion VND, replacing the earlier-approved goal of 17,793 billion VND. This adjustment also translates into a revised post-tax profit goal, shifting from the previous aim of 274 billion VND to 288 – 296 billion VND.  Coteccons announced the decision to raise its new business goal after assessing positive results that maintained the growth trend during the first 9 months of the new fiscal year.  By the end of March 2024, Coteccons’ revenue reached 14,400 billion VND, completing 81% of the planned target. Additionally, profit after tax amounted to 240 billion VND, occupying 88% of the proposed plan. Other financial indicators also demonstrate growth trends, both financially and operationally. Notably, Coteccons has enhanced the quality of accounts receivable by allocating provisions of 180 billion VND for bad debts. Moreover, general and administrative expenses have decreased by 16 billion VND, marking a 7% reduction over the same period. Based on the revised fiscal year, the reviewed financial statements for the first nine months of 2024 reflect Coteccons’ total assets amounting to 20,900 billion VND, of which cash and short-term financial investments account for 14%. Furthermore, adding to its roster of successful bids, Coteccons – Unicons has secured a series of substantial bid