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LUT breaks ground on Lutaco Tower

Thursday, 07 May 2009

Luong Tai Investment and Construction Joint Stock Co (coded LUT) started its construction project of Lutaco Tower at 173A Nguyen Van Troi St. on May 04.

This will be a twelve-storey building with two basements with total area of 2,599 square metres. The work will have finished in Q2 year 2010.

In 2009, the company plans to carry out in some other projects such as: Dai Nga hydropower plant (this project plans to finish in Q3 year 2010), Loc An Xanh resort (the company is to complete procedures to get investment license and ground clearance work), Luong Tai industrial zone, Binh Phuoc Province, Kim Dinh new urban area, Kim Dinh Ward, Ba Ria Town, Ba Ria-Vung Tau Province.

LUT announced its revenue of 15 billion dong in Q1, with after-tax profit of 1.37 billion dong.

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