Business

Licogi 16 aims for 110 million USD in consolidated revenue in 2018

Licogi 16 Joint Stock Company (Licogi 16) aims to earn 2.5 trillion VND (110 million USD) in consolidated revenue and roughly 1.96 trillion VND (86.2 million USD) in stand-alone revenue in 2018, up 65 percent and 69 percent year on year, respectively.
Hanoi (VNA) – Licogi 16 Joint Stock Company(Licogi 16) aims to earn 2.5 trillion VND (110 million USD) in consolidatedrevenue and roughly 1.96 trillion VND (86.2 million USD) in stand-alone revenuein 2018, up 65 percent and 69 percent year on year, respectively.

This year, it expects to achieve 123 billion VND (5.4million USD) in consolidated after-tax profit and 73 billion VND (3.2 millionUSD) in stand-alone after-tax profit, year-on-year increases of 58 percent and90 percent, respectively.

The company’s earnings will come from construction activities in anumber of projects across the country, including Bac Giang – Lang Son and HaLong – Van Don expressways, BOO Phu Ninh water treatment plant, Can Tho watertreatment plant, Binh Tien Bridge and Road project, Da Nang - Quang Ngaiexpressway, Hiep Thanh and Nam Anh residential buildings and severalelectricity projects.

In addition, it will also collect incomes from 50-hectareand 27-hectare urban area projects in Long Tan commune, Nhon Trach district ofsouthern Dong Nai province alongside the 3.4-hectare Nam Phuong City shoppingcentre.

The firm will offer a cash dividend of 10 percent, upabout 3 percent from 2017.-VNA
VNA
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