Lang Son cement maker reports earning 8b dong profit

The UPCoM-listed Lang Son Cement Joint Stock Co (coded LLC) has announced lately to issue additional shares in 2010 to increase its chartered capital. In details, there will be additional 839,000 shares to be issued, including 539,000 shares for dividend payment in shares and 300,000 shares to be offered for strategic partners and shareholders. The raised capital will be used for expanding production works.

In 2010, LLC also targeted to reach total revenue of 180 billion dong, after tax profit of eight billion dong.

Last year, the company’s total revenue was posted at 167.77 billion dong, fulfilling 124.81 percent of the year plan and after tax profit of 8.33 billion dong, surpassing 38.78 percent of the year plan. The 49 billion dong cement producer paid 2009 dividend at 11 percent.

Tags: Lang Son cement, vietnam stock, Vietnam stock market

Posted by VBN on May 26 2010. Filed under Cement, Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry