AsemconnectVietnam - Nam Kim Steel Joint Stock Company (code NKG - HOSE) approved the plan to organize the 2024 Annual General Meeting of Shareholders, the meeting is expected to be held on April 26.

On March 21, Nam Kim Steel will finalize the list of shareholders attending the 2024 Annual General Meeting of Shareholders, which is scheduled to be held on April 26 in HoChiMinh City.
In the upcoming Congress, Nam Kim Steel plans to present shareholders with business results in 2023, orientation for 2024, profit distribution plan for 2023 and 2024...
From February 5 to March 4, 2024, SMC Trading Investment Joint Stock Company (code SMC - HOSE) registered to sell all 13.1 million NKG shares, reducing ownership from 4.98%, about 0% of charter capital.
It is known that Ms. Nguyen Ngoc Y Nhi is a Member of the Board of Directors of SMC Trade Investment and also a Member of the Board of Directors of Nam Kim Steel.
In terms of business activities, in the fourth quarter of 2023, Nam Kim Steel recorded revenue of VND4,459.2 billion, an increase of 3.7% over the same period, profit after tax reached VND22.45 billion compared to the same period last year. The loss was VND414.33 billion, an increase of VND436.78 billion.
Cumulatively in 2023, Nam Kim Steel recorded revenue of VND18,595.97 billion, down 19.4% over the same period, profit after tax reached VND117.41 billion compared to the same period loss of VND124.68 billion, which is an increase of VND242.09 billion.
It is known that in 2023, Nam Kim Steel sets a business plan with a total revenue of VND20,000 billion, an increase of 13.5% over the same period and an expected pre-tax profit of VND400 billion compared to the same period loss of VND106.91 billion, an increase of VND506.91 billion.
Thus, at the end of 2023 with a pre-tax profit of VND177.3 billion, Nam Kim Steel only completed 44.3% of the profit plan of VND400 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan