AsemconnectVietnam - VietinBank Capital Fund Management Company Limited has just announced that it has purchased nearly 1.24 million VSC shares of Vietnam Container Corporation - Viconship to increase its ownership ratio.

The transaction date that changed the ownership ratio was February 14. After purchasing nearly 1.24 million VSC shares, Vietinbank Capital increased its ownership ratio at Viconship from more than 47.9 million shares (16.7%) to more than 49.14 million shares (17.14%). Provisionally calculated according to the VSC share price on February 14 at VND18,500/share, Vietinbank Capital spent about VND23 billion to buy the above shares.
Vietinbank Capital is a 100% owned subsidiary of Vietnam Joint Stock Commercial Bank for Industry and Trade, operating in the field of investment fund management. In June 2024, Vietinbank Capital became a major shareholder of Viconship after successfully purchasing 9.2 million VSC shares, increasing its ownership to 8.25%, equivalent to 22 million shares.
On VSC's side, according to the financial statements for the fourth quarter of 2024, the Company brought in nearly VND774.8 billion in net revenue, an increase of approximately 24% over the same period last year; profit after tax skyrocketed by more than 333%, to VND321.7 billion.
Explaining the reason for the sharp increase in profits, Viconship said that the Company's financial revenue in the fourth quarter of 2024 increased dramatically, 27.5 times higher than the same period, reaching VND220 billion, due to the re-evaluation of the fair value of the investment in an associate (35% of the capital contribution at Nam Hai Dinh Vu Port Company Limited) at the fair value based on the equivalent purchase price of the 65% purchase with the amount of VND189 billion. At the same time, the business activities of Viconship's subsidiaries all grew relatively well and reduced costs compared to the same period last year, helping to increase profits.
Accumulated for the whole year of 2024, Viconship recorded VND 2,788 billion in net revenue, an increase of 28% compared to the results of 2023; profit after tax reached VND 561.4 billion, an increase of 182%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan