Long Giang Land targets to achieve whole year profit of over 55b dong

Long Giang Urban Investment and Development Joint Stock Co (coded LGL) announced to reach targeted revenue of 347.42 billion dong and after tax profit of 55.427 billion dong, increasing by 44 percent and 5 percent respectively against 2010. The company expected to pay 2011 dividend at 18 percent ratio.



At the same time, LGL planned to raise chartered capital from 200 billion dong to 250 billion dong.



In order to realise the targeted year plan, the urban developer expected to kick off construction works on two projects of Thanh Thai residential quarter and high-class apartment buildings in Diplomatic Compound. The company expected to complete constructing the basement parts and 50 percent of raw construction for the body part in the 102 Truong Chinh project, so as to start selling the apartments in Q2 of 2011.



In the financial investment sector, LGL planned to offload one part of the total 3.25 million MCG-coded shares, and total 525,060 DCC shares and 525,060 PJC shares at convenient time.

Tags: Vietnam companies, Vietnam enterprises

Posted by VBN on Mar 18 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry