Nam Kim Steel sold 10 million treasury shares, collected more than 340 billion VND

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Accordingly, during the period from June 22 to July 5, Nam Kim Steel has sold 10 million treasury shares by put-through method. The average trading price is 34,080 VND/share, equivalent to the whole lot is more than 340 billion VND.

After the transaction, Nam Kim Steel no longer holds treasury shares, the number of outstanding shares increased to nearly 182 million units.

In a related development, Ms. Nguyen Thi Ngoc Lien, Deputy General Director of Nam Kim Steel, previously registered to sell 250,000 NKG shares between July 6 and August 5, expected to reduce the ownership rate to 0.07%.

In 2021, Nam Kim Steel plans to do business with an output of 900,000 tons, revenue of VND 16,000 billion, an increase of nearly 28% and nearly 38% respectively compared to the performance level in 2020. Profit after tax is expected to be high. more than 2 times to 600 billion.

In particular, in the first quarter, Nam Kim Steel achieved VND 4,852 billion in revenue, up 97.9% over the same period in 2020.¬†Profit after tax was recorded at a “tremendous” level of more than VND 318 billion, nearly 7.7 times higher than the same period in 2020.

By the end of the first quarter of 2021, Nam Kim Steel’s total assets increased by 30% compared to the end of 2020 to VND 10,101 billion. In which, cash and cash equivalents increased by more than VND 517 billion to a value of VND 737 billion. Inventories also increased by more than 1,129 billion VND, reaching the value of more than 3,500 billion VND at the end of the first quarter.

Moving in the same direction as assets, total liabilities of Nam Kim Steel also increased by 44% compared to the end of last year to VND 6,601 billion. In which, short-term debt increased by 22% to VND 3,081 billion.

The results obtained in the first quarter of Nam Kim Steel completed 30% of the revenue plan and 53% of the profit plan.

NKG shares of Nam Kim Steel closed the 5/7 session at 36,800 dong/share. Market capitalization is estimated at more than VND 6,300 billion.

Source: vietnamfinance.vn – Translated by fintel.vn