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According to the Ho Chi Minh City Stock Exchange, Ms. Ho Thi Kim Chi, Vice President of Hoang Anh Gia Lai Joint Stock Company (HAGL, stock code: HAG, HoSE: HAG), recently announced the trading of shares by insiders and related persons of insiders.
Specifically, Ms. Chi intends to purchase 200,000 HAG shares through matched orders on the exchange to increase her ownership rate.
The expected transaction execution time is from August 8, 2024, to September 6, 2024.
Before the transaction, Ms. Kim Chi owned 395,159 HAG shares, equivalent to a 0.04% stake. If she successfully purchases the registered 200,000 HAG shares, the Vice President of HAGL will increase her ownership in the company to 0.06%.
In the market, HAG shares are experiencing a deep decline, trading at VND 11,600 in the afternoon session on August 5, down 4.13% compared to the previous session’s closing price.
Based on this market price, Ms. Ho Thi Kim Chi is expected to spend approximately VND 2.3 billion to complete the registered transaction.
In terms of business results, in the second quarter of 2024, HAGL’s net revenue reached VND 1,518 billion, up 5%. Gross profit increased by VND 334 billion compared to the same period in 2023, mainly due to increased banana exports.
Notably, the loss from financial activities decreased by VND 178 billion compared to the same period last year, mainly due to lower interest expenses. Other income decreased by VND 263 billion compared to the previous year, mainly due to HAGL’s profit from the purchase of Bolaven High-Tech Agriculture Company Limited in the second quarter of 2023.
After deducting taxes and fees, HAGL reported a consolidated net profit of VND 281 billion in the second quarter of 2024, up 199% over the same period last year.
