LCG plans to gain after tax profit of 200b dong

Licogi 16 Joint Stock Co (coded LCG) was supposed to organise its annual shareholders meeting on April 3, 2010, in which the company aimed to gain total revenue of over 1 trillion dong in 2010 and profit after tax of more than 200 billion dong.

The company has lately received capital contribution worth 60 billion dong from Sieu Thanh CO Ltd to invest in Nam An residential area that was expected to be started in Q2 of 1010. The 18-storey apartment building has total land area of 8,662 square metres in Binh Hung Hoa Ward, Binh Tan Dist, HCM City.

At the same time, the company has already received capital transfer of 22 percent from PetroVietnam Oil Corp (PV Oil) in $31 million Phuong Dong Bio-gas Co Ltd The Binh Phuoc Bio-Ethanol plant with designed capacity of 300,000 litres per day will be constructed in Minh Hung Commune, Bu Dang Dist, Binh Phuoc province with total investment capital of $77 million. The project is supposed to be started in late Q2 of 2010 and to operate in the end of 2011.

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Posted by VBN on Mar 9 2010. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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