Licogi 16 aims for US$110 million in consolidated revenue in 2018
Wednesday, May 16,2018
AsemconnectVietnam - Licogi 16 Joint Stock Company (Licogi 16) aims to earn VND2.5 trillion (US$110 million) in consolidated revenue and roughly VND1.96 trillion (US$86.2 million) in stand-alone revenue in 2018, up 65% and 69% year on year, respectively.
This year, it expects to achieve VND123 billion (US$5.4 million) in consolidated after-tax profit and VND73 billion (US$3.2 million) in stand-alone after-tax profit, year-on-year increases of 58% and 90%, 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%, up about 3% from 2017.
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