Developer expects sharp rise in 2008 profits

08/05/2008 -- 10:44 AM

HCM City (VNA) – The Lu Gia Mechanical Electric Company plans to earn a net revenue of 120 billion VND (7.5 million USD) this year, a year-on-year increase of 56.4 percent, resulting in an after-tax profit of 30 billion VND and allowing a dividend payment ratio of 17 percent. The company plans to raise its charter capital to 80 billion VND from 30 billion VND by issuing an additional 5 million shares. The Lu Gia Company will sell 4.5 million of those shares to existing shareholders at a ratio of 1:1.5, 150,000 to its staff and the rest to strategic partners, all at the same price of 15,000 VND per share. The total capital after issuance will be invested into a Lu Gia apartment-building development project.-Enditem
Send this page	Print

No end in sight for stock market slide (08/05/2008)

US businesses reiterate interest in Vietnam (07/05/2008)

Vietnam garment group welcomes US results (07/05/2008)

Czech financial company licensed in Vietnam (07/05/2008)

Hanoi office rents tower above major Asian cities (07/05/2008)

US firms look for long-term investment in Vietnam (07/05/2008)

Hanoi office rents tower above major Asian cities (07/05/2008)

Italy helps Vietnam’s small and medium enterprises (07/05/2008)

HCM City to host Asia Trade and Investor Convention (07/05/2008)

ODA campaigning on track, says ministry (07/05/2008)