Licogi 13 (LIG) targets 2025 profit 8.3 times higher despite revenue decline
Monday, June 23,2025
AsemconnectVietnam - According to the documents of the shareholders' meeting held on June 30, Licogi 13 Joint Stock Company (code LIG) will present to shareholders its business plan for 2025 and the entire period of 2025 - 2029.
In 2025, Licogi 13 sets a revenue target of VND3,500 billion, down 5.2% compared to 2024. However, the investment value is expected to increase by 94% to VND1,150 billion. Accordingly, the parent company's pre-tax profit will reach VND 45 billion, 8.3 times higher than VND5.38 billion in 2024. Regarding the 2025 dividend plan, the Company plans to pay at a rate of 3%.
This year, the Company will focus on generating electricity at the Song Nhiem 3 Hydropower Plant (expected in the first half of the third quarter of 2025). At the same time, complete the adjustment of the Investor for the Quan Ngang Industrial Park project and prepare the necessary work to start the project in the first or second quarter of 2026; join forces with An Phat Vinh Construction Investment and Trading Joint Stock Company to ensure construction capacity and build a product sales strategy, and fill the project early to ensure project investment efficiency.
Along with that, LIG will implement the projects: Long Van Binh Dinh, Thanh Thuy Phu Tho, Hung Lai Bridge; increase the construction of the Nam Pan 5 project towards the goal of generating electricity in the first half of the third quarter of 2026.
Regarding the task of restructuring assets and M&A of suitable projects, LIG wants to transfer the Construction Vocational College 1 Company Limited; transfer or find a partner to cooperate in investing in the Huong Hoa 2 wind power project (Quang Tri).
In addition, LIG will continue to research and promote investment in the fields of social housing real estate, residential areas, new urban areas, ecological areas in Ninh Binh, Hung Yen, Lao Cai, Khanh Hoa, Binh Duong, Lam Dong, etc.
In the period of 2025 - 2029, LIG aims to increase revenue by 10 - 15%/year, after-tax profit of VND100 billion, net profit margin (ROS) of over 5%. In addition, total consolidated assets are expected to reach over VND7,000 billion, debt/equity ratio of 2.8 - 3. If the profit target is achieved, the Company will pay dividends at a rate of 5 - 7%.
In the construction sector, LIG strives to have enough capacity to undertake EPC contracts, construction and installation revenue of VND 5,000 - 6,000 billion/year.
In the real estate sector, the target revenue is 600 billion VND/year. LIG wants to invest in residential real estate projects, resort real estate, industrial parks... in potential localities.
In the energy, industry and infrastructure sector, LIG will focus on investing 100 MWp of electricity from energy projects (hydropower, wind power), putting into operation 2 small hydropower plants, 1 other renewable energy plant and 1 industrial park.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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