Real estate trader reports gaining profit of 19.3b dong in Jan-March

Long Giang Urban Investment and Development Joint Stock Co (LongGiangLand – coded LGL) announced to reach Q1 net revenue of 42.6 billion dong, equalling to 122 percent against the same period of last year, after tax profit of 19.3 billion dong, fulfilling 39.5 percent of the year plan.

In 2010, the company targeted to achieve 2010 after tax profit of 48.325 billion dong, up 30 percent year-on-year and dividend payment of 20 percent over chartered capital.

Le Ha Giang, LGL’s chair of management board cum general director said in the coming years, the company planned to gain annual growth rate of 10 percent in construction sector and change profit structure towards increasing profit from investment projects.

 

Category: Business