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Friday, July 19, 2024

DGC expects profit to halve this year

The Saigon Times

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HCMC – Duc Giang Chemicals Group JSC, whose DGC shares are traded on the Hochiminh Stock Exchange (HOSE), looks to obtain nearly VND10.9 trillion in revenue and VND3 trillion in profit after tax in 2023.

The figures plunged by 24.7% and 50.3% compared to the 2022 results, respectively.

The firm plans to complete an NPK fertilizer factory in the Central Highlands province of Dak Nong and launch the Duc Giang-Nghi Son chemical complex project in the north-central province of Thanh Hoa. It would pour VND50 billion into the factory and VND500 billion into the project.

Last year, it posted over VND14.4 trillion in revenue and VND6 trillion in profit, up 51.2% and 140.2% over the preceding year, respectively.

Closing the session today, March 6, DGC gained 0.6% over the session earlier to VND50,600 per share.

With 222 winners and 155 losers, the benchmark VN-Index of HOSE inched up 2.41 points, or a fractional 0.24%, over the session earlier at 1,027.18.

However, trade on the southern bourse dropped 5% in both volume and value, with 421.9 million shares worth over VND6.8 trillion changing hands. Trade in block deals accounted for about VND643.5 billion worth of more than 31.8 million shares.

The introduction of Government Decree 08 sent good news to the real estate industry, resulting in many real estate stocks rising.

Stocks of large real estate firms such as DXG, NVL, DIG and PDR shot up to the upper limits today, with over 15.2 million, 13.5 million, 12.2 million and 3.3 million shares traded, respectively.

On the northern bourse, the HNX-Index edged up 1.67 points, or 0.82%, from the previous session, at 206.56, with 99 advancers and 63 decliners.

Trade on the Hanoi Stock Exchange amounted to nearly 50.8 million shares with a value of over VND740.7 billion. Around 4 million shares valued at VND59.4 billion were transacted in put-through deals.

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