Property firm projects revenue to jump 3.5 times in 2020

Tuesday, Mar 10, 2020 10:07

The Marina Tower project of Property developer LDG Investment JSC in HCM City. — Photo LDG

Property developer LDG Investment JSC hopes its total revenue in 2020 will jump 3.5 times from 2019's figure to VND2.75 trillion (US$119.3 million).

Post-tax profit is forecast to rise by 16 per cent year-on-year to VND700 billion.

The company in 2019 earned VND785 billion in total revenue, down more than 50 per cent year-on-year.

The figure was equal to 24 per cent of the full-year plan.

The company managed to accomplish the profit target of VND603 billion set for 2019 and recorded a lot of income from selling financial assets, worth VND502 billion.

The figure soared from 2018's figure of VND60 billion.

LDG Investment plans to pay a cash dividend at the rate of 7 per cent, meaning every shareholder will receive VND700 apiece.

The company will hold its annual shareholders’ meeting on March 19. The list of participants will be finalised on March 14.

LDG Investment shares (HoSE: LDG) tumbled 7.0 per cent to end Monday at VND6,900 per share. — VNS

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