Major Vietnam taxi firm Mai Linh Group (MLC) said on Thursday it expected its 2007 net profit to jump nearly 13-fold from last year to 173.3 billion dong ($10.7 million) due to its enlarged fleet.
The Ho Chi Minh City-based group forecast revenues would reach 3.83 trillion dong ($240 million) this year, Chairman Ho Huy said in a statement.
Huy has said Mai Linh Group, which has added around 1,000 cabs and more than 100 buses to its fleet this year to expand its operation to 50 cities and provinces, would list its shares in August next year.
The firm, which also operates bus services between Ho Chi Minh City and Cambodia, is about 25% owned by foreign investment funds, including Vinacapital and Indochina Capital.
Source: Reuters
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