LGC proposes 2011 business plan with net profit of 30b dong
Lu Gia Mechanical Electric Joint Stock Co (coded LGC) has lately released the documents to be submitted in the annual shareholders meeting with targeted after tax profit of 30 billion dong, equalling to 87 percent of 2010.
The company aimed to obtain net revenue of 250 billion dong, up 15 percent against that of 2009 and dividend payment of 16 percent.
By the end of Q2, LGC expected to officially put into operation the Lu Gia Trading and Apartment Complex.
Last year, the company finished construction works on new factory in Nhon Trach 5 Industrial Park with total investment capital of 80 billion dong. Ending the year 2010, LGC reported gaining combined revenue of 220 billion dong and after tax profit of 37.45 billion dong.
The company’s annual shareholders meeting was supposed to take place at 8:00 on March 26, 2011 at Victory Hotel Restaurant, Floor 6A, No 14 Vo Van Tan St, Ward 6, Dist 3, HCM City.
Tags: Vietnam business news, Vietnam stock news