Sugar refinery targets to develop into large group

In the latest AGM, Lam Son Sugar and Sugar Cane Joint Stock Co (coded LSS) has passed the plan of developing the company into a multi-sectional economic group in such fields of industry, agriculture, tourism and real estate.

In the meeting, the shareholders also approved the plan of raising chartered capital from current 400 billion dong to 500 billion dong via allocating bonus shares for existing shareholders under ratio of 4:1.

In 2011, LSS targeted to reach total revenue of 1.65 trillion dong, after tax profit of 337.5 billion dong and dividend payment at 20-25 percent. The company reported gaining 394.5 billion dong in revenue and 132.2 billion dong in pre-tax profit.