AsemconnectVietnam - Mobilizing VND1,500 billion since 2021, Construction Development Investment Joint Stock Corporation (DIC Corp, code DIG - HOSE) has not yet fully disbursed the capital mobilized in the private share offering.

DIC Corp reported the use of capital from the private share offering in 2021 when, as of October 7, 2024, the Company has disbursed VND1,393.8 billion, equivalent to 92.92% of the total mobilized value to pay for investment preparation costs, compensation for site clearance of the North Vung Tau New Urban Area project, payment to Tan Long Investment and Development Joint Stock Company; and the remaining VND106.02 billion has not been fully disbursed.
Previously, at the end of the issuance on October 7, 2021, DIC Corp offered 75 million individual shares at VND 20,000/share to raise VND 1,500 billion. Of which, Thien Tan Development Investment Joint Stock Company bought 38 million shares; the late Chairman Nguyen Thien Tuan bought 10 million shares; Mr. Nguyen Hung Cuong bought 10 million shares; Mr. Cao Van Vu bought 10 million shares; Ms. Nguyen Thi Thanh Huyen bought 5 million shares; and Lien Viet Securities Joint Stock Company (now LPBank Securities Joint Stock Company) bought 2 million shares. In terms of business activities, in the first half of 2024, DIC Corp recorded revenue of VND635.22 billion, an increase of 76.8% over the same period, and after-tax profit recorded a profit of VND3.9 billion, a decrease of 95.5% compared to the first half of 2023. In which, gross profit margin decreased from 20.5% to 17.1%. In the first half of 2024, although DIC Corp's gross profit increased by 48.1% over the same period, equivalent to an increase of VND35.36 billion to VND108.91 billion, after-tax profit still decreased by 95.5%, to VND3.9 billion. In which, mainly due to a decrease in financial revenue of 82.5%, equivalent to a decrease of VND163.88 billion, to VND34.86 billion; Business management costs increased by 55.9%, equivalent to an increase of VND35.56 billion to VND99.14 billion...
In 2024, DIC Corp plans to have revenue of VND2,300 billion, an increase of 72% over the same period; pre-tax profit is expected to be VND1,010 billion, an increase of 508.9% compared to the implementation in 2023 and investment capital is expected to be VND7,211.8 billion, an increase of 541% over the same period.
Thus, ending the first half of 2024 with a pre-tax profit of VND21.53 billion, DIC Corp has only completed 2.1% of the annual plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan