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LCG: Licogi 16 aims for 110 million USD in consolidated revenue in 2018
VietnamPlus - 5/15/2018 10:27:47 AM
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Licogi 16 Joint Stock Company (Licogi 16) aims to earn 2.5 trillion VND (110 million USD) in consolidated revenue and roughly 1.96 trillion VND (86.2 million USD) in stand-alone revenue in 2018, up 65 percent and 69 percent year on year, respectively.
 
This year, it expects to achieve 123 billion VND (5.4 million USD) in consolidated after-tax profit and 73 billion VND (3.2 million USD) in stand-alone after-tax profit, year-on-year increases of 58 percent and 90 percent, respectively.
 
The company’s earnings will come from construction activities in a number of projects across the country, including Bac Giang – Lang Son and Ha Long – Van Don expressways, BOO Phu Ninh water treatment plant, Can Tho water treatment plant, Binh Tien Bridge and Road project, Da Nang - Quang Ngai expressway, Hiep Thanh and Nam Anh residential buildings and several electricity projects.
 
In addition, it will also collect incomes from 50-hectare and 27-hectare urban area projects in Long Tan commune, Nhon Trach district of southern Dong Nai province alongside the 3.4-hectare Nam Phuong City shopping centre.
 
The firm will offer a cash dividend of 10 percent, up about 3 percent from 2017.-VNA
 
Read original article here
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