Lilama 18 JSC: Profit before tax is expected to be 60 billion dongs, 21% beyond defined plan
Lilama 18 JSC (HOSE: LM8) has announced Resolution of Plans in Quarter 4/2016 and year 2017 as well as the dividend share of year 2016 in cash with the ratio of 10%.
Song Hau 1 (1,200 MW) is one of national main important projects
which the company is participating in for installation
In Quarter 4/2016, the Company has set up their plan for total turnover of nearly 247 billion dongs, mainly from installation & construction - nearly 243 billion dongs. Profit before tax will be 10 billion dongs and investment in capital construction, procurement of machines & equipment will be 14,5 billion dongs.
Thus, the Company's turnover of year 2016 will achieve more than 1,458 billion dongs, 42% beyond their plan. Profit before tax is about 60.3 billion dongs, surpassing 21% in comparison with the plan.
Regarding the 2017's plan, LM8 sets up turnover target of 1,124 billion dongs, profit before tax will be nearly 45 billion dongs, investment in capital construction and equipment procurement will be about 70 billion dongs.
Besides, the Management Board also passed on method of spending advance for dividends of year 2016 in cash according to ratio 10%. Time of payment will be 20/01/2017 as anticipated.
Adapted from Vietstock