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LCG leader sells 2 million shares

The Saigon Times

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HCMC – Bui Duong Hung, board chairman of Licogi 16 Joint Stock Company (LCG), has finished selling 2 million LCG shares, which are listed on the Hochiminh Stock Exchange (HoSE), to reduce his ownership at the company from 4.17% to 3.02%

According to Hung, the transactions were made from January 19 to February 17.

LCG posted nearly VND471 billion in revenue and more than VND21 billion in after-tax profit in the fourth quarter of 2021, falling 62.7% and 83.9% year-on-year, respectively.

The company’s revenue reached over VND2.12 trillion, while after-tax profit reached VND183.1 billion in 2021, falling 40% and 41.3% year-on-year, respectively.

LCG expected its revenue at VND3.6 trillion and after-tax profit at VND300 billion last year. It meant that the company met only 61% of its revenue target.

In related news, the VN-Index of the Hochiminh Stock Exchange rose 0.4%, or 6 points, to close at 1,510.84 points today, February 21.

Winning stocks outnumbered losing ones by 286 to 150. Some 615.8 million shares worth nearly VND19.5 trillion changed hands on the southern market, increasing 28.6% in volume and 20.34% in value against the previous session.

On the Hanoi Stock Exchange, the HNX-Index rose 1.23%, or 5.38 points, to close at 440.99 points, with 157 winning stocks and 74 losing ones. More than 97.36 million shares worth some VND2.7 trillion were transacted on the northern market.

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