By Meremy Mullins
The Phnom Penh Post
VIETNAM’S biggest listed property firm, Hoang Anh Gia Lai Joint Stock Co, said Tuesday it expects revenues from its iron ore concessions in Cambodia and Laos will help it boost pretax earnings 57 percent next year.
“It’s very easy to see that the big profit sources in 2010 will be mining iron ore,” the company said in a profit forecast posted on its Web site Tuesday, adding that hydroelectricity projects will also contribute.
Hoang Anh Gia Lai expects earnings to increase to US$145 million in 2010 from $92 million this year, according to the statement. Profits from properties already sold will also boost earnings next year, it said.
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