IDICO: Organizations related to the general director registered to buy 19.5 million shares

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Accordingly, Bach Viet Manufacturing and Trading Co., Ltd., related to Mr. Dang Chinh Trung, member of the Board of Directors and general director of IDICO, registered to buy 19.5 million IDC shares to raise its ownership from 4.82% to 11.32% of charter capital, the transaction is expected to be conducted from September 9 to October 9, 2021.

In terms of business activities, in the second quarter of 2021, parent company IDICO recorded a revenue of VND 93.2 billion, profit after tax of VND 225.4 billion, down 14.2% and up 262, respectively. 3% over the same period last year. In which, gross profit margin dropped sharply from 26.9% to 19%.

During the period, gross profit decreased by 39.4% over the same period, corresponding to a decrease of 11.52 billion dong to 17.7 billion dong; financial revenue increased by 319.7%, equivalent to 239.5 billion dong to 314.4 billion dong and other activities did not change significantly. Thus, the profit in the second quarter of 2021 increased because the business recorded a sudden financial revenue.

Accumulated in the first 6 months of the year, parent company IDC recorded revenue of VND 185.6 billion, profit after tax reached VND 254.9 billion, down 16.4% and up 173.9% compared to the first 6 months of 2020.

Enterprises with notes in the first 6 months of the year recorded a sudden financial revenue from the transfer of shares of VND 260 billion. Enterprise has detailed explanation, as of June 18, 2021, IDICO has reduced its ownership from 26% to 0% in Dak Mi Hydropower Joint Stock Company to Bitexco Group Co., Ltd (strategic shareholder has just divested all capital, although it has a commitment to hold for 10 years from 2018 but has adjusted its charter to divest). IDICO sold 26 million shares at 20,000 VND/share and collected 520 billion VND.

Closing the session on September 9, IDC shares increased by 3,000 VND to 45,000 VND/share.

Source: vietnamfinance.vn – Translated by fintel.vn