In the first six months of this year, Urban Infrastructure Development and Construction Corp (Licogi) reported gaining 3.616 trillion dong revenue, or 48 percent of the year’s plan and pre tax profit at 72.27 billion dong, or 22 percent of the year’s plan.
The corporation’s investment capital has reached 310 billion dong, or 57 percent of the year’s plan. The first turbine of Bac Ha hydropower plant invested by Licogi started electricity generation in June and the second one is expected to be in operation in Q3.
In the last half of this year, the corporation targets to reach total business and production value of 4.598 trillion dong, revenue at 3.954 trillion dong, pre tax profit at 270 billion dong and investment capital at 135 billion dong.
Licogi will also conduct procedures for corporate valuation to make equitisation for the holding company and subsidiaries in the second half of this year.