AsemconnectVietnam - Southern Battery Joint Stock Company - Pinaco (code PAC) has just announced the Board of Directors' resolution on the production and business results of the third quarter and the first 9 months of 2024.

In the third quarter, Pinaco recorded VND969 billion in revenue, up 22% over the same period last year. Accordingly, pre-tax profit is estimated at VND40 billion, up 52% over the third quarter of 2023.
Accumulated in the first 9 months of 2024, Pinaco's net revenue reached VND2,919 billion and pre-tax profit reached VND123 billion, up 12% and 18.7% respectively compared to the first 9 months of 2023.
In 2024, Pinaco set a revenue target of VND3,800 billion and profit of VND160 billion. With the results of the first 9 months, the Company has completed 77% of the annual plan targets.
In the first 9 months, the total investment value of the Company was approximately VND14.8 billion, reaching 89% of the plan, mainly invested in equipment with a value of nearly VND15.6 billion.
In the fourth quarter, Pinaco set a revenue target of VND881 billion and pre-tax profit of VND 39 billion, down 9% in revenue and 2.5% in profit compared to the third quarter.
The Board of Directors requested the General Director to focus on promoting governance in all areas, from inventory management, purchasing management, production, sales, finance, construction investment, etc., striving to achieve the highest possible production and business efficiency targets for the fourth quarter and the whole year of 2024.
Recently, Pinaco has changed its shareholder structure. In September, PVI Opportunity Investment Fund (POF) sold a total of 4 million PAC shares, reducing its ownership to 1.236 million shares and leaving the position of major shareholder. However, it is possible that this fund has divested all its capital from PAC when on September 24, PAC's transaction data recorded that more than 1.236 million PAC shares were traded by negotiation with a value of VND49.46 billion, completely matching the remaining shares held by POF.
Or recently, Thanh Cong Fund Management Company Limited registered to sell all 1 million PAC shares it is holding (2.15% ratio), for the purpose of restructuring its investment portfolio. The transaction was conducted from October 10 to November 8 by order matching and/or negotiation.
N.Nga
Source: VITIC/Tinnhanhchungkhoan