DIC Corp (DIG): Returned to profit in Q2/2024 but the first half profit still decreased by 67.1%
Wednesday, June 26,2024
AsemconnectVietnam - After a loss in the first quarter of the year, Development Investment Construction Joint Stock Corporation (DIC Corp, code DIG - HOSE) recorded a profit of VND160 billion in the second quarter, cumulative profit of the first half of 2024 is VND39.15 billion, down 67.1% compared to implementation in 2023 and only completed 3.9% of the year's plan.
In the second quarter of 2024, DIC Corp estimates revenue of VND874 billion, up 440.4% over the same period, pre-tax profit increased 824.3% to VND160 billion.
It is known that in the first quarter of 2024, DIC Corp recorded revenue of VND0.49 billion, negative pre-tax profit of VND120.85 billion.
Thus, accumulated in the first 6 months of 2024, DIC Corp estimates revenue to reach VND874.49 billion, up 143.4% over the same period, previous profit decreased 67.1%, to VND39.15 billion and just completed 3.9% of the profit plan of VND1,010 billion in fiscal year 2024.
A noteworthy point is that previously, on June 13, DIC Corp approved the policy of dissolving Vung Tau Center Point Company Limited.
It is known that in June 2023, DIC Corp approved the policy of establishing a one-member LLC owned by the Company with the name Vung Tau Center Point LLC (established June 26, 2023); Address at 12 3/2 Street, Ward 8, Vung Tau City., Ba Ria - Vung Tau province; Charter capital is VND300 billion. This subsidiary operates in the field of real estate business, land use rights owned, used or leased.
According to information from the Securities Investment Newspaper, the legal representative of Vung Tau Center Point Limited Company is Mr. Le Dinh Thang (born in 1976 in Thanh Hoa), and at the same time, Mr. Le Dinh Thang is also the representative of Construction of DIC Holdings Joint Stock Company.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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