AsemconnectVietnam - Danang Rubber Joint Stock Company (code DRC - HOSE) has issued an additional 35.6 million shares to increase its charter capital to VND1,544.29 billion.

Da Nang Rubber has issued shares to increase its capital from equity at a rate of 30%, equivalent to shareholders owning 100 shares will receive 30 new shares.
With 118.79 million outstanding shares, Danang Rubber has issued an additional 35.6 million shares to increase its charter capital from VND1,187.9 billion to VND1,544.29 billion.
In addition, regarding personnel, Danang Rubber also approved the resignation of Mr. Pham Phong Thinh from the position of Deputy General Director according to his personal wishes, effective from September 1, 2025.
In terms of business activities, in the second quarter of 2025, Da Nang Rubber recorded revenue of VND1,377.31 billion, a slight increase of 1% over the same period, and profit after tax of VND32.07 billion, a decrease of 58.5% over the same period last year. In which, gross profit margin decreased from 20.1% to 11.2%.
During the period, although revenue increased, due to a sharp decrease in gross profit margin, Da Nang Rubber still recorded a gross profit decrease of 43.7% over the same period, equivalent to a decrease of VND119.81 billion, to VND154.54 billion.
In addition, also during the period, financial revenue increased by 15.6%, equivalent to an increase of VND2.8 billion, to VND20.77 billion; financial expenses increased by 51.3%, equivalent to an increase of VND6.62 billion, to VND19.52 billion; Sales and administrative expenses decreased by 34.7%, equivalent to a decrease of VND 63.04 billion, to VND118.59 billion, and other activities fluctuated insignificantly.
In the first 6 months of 2025, Danang Rubber recorded revenue of VND2,557.1 billion, up 9.4% over the same period, profit after tax reached VND41.54 billion, down 67.2% over the same period last year.
In 2025, Danang Rubber plans to have revenue of VND4,880 billion, up 4.4% over the same period, profit after tax is expected to be VND228 billion, down 1.7% over the same period last year.
Thus, ending the first half of 2025 with profit after tax reaching VND41.54 billion, Danang Rubber has only completed 18.2% of the annual plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan