Mr. Nguyen Hung Cuong, Chairman of the Board of Directors of Total Investment and Development Construction Joint Stock Corporation (DIC Corp, code: DIG, on HoSE), has reported on the trading of shares by insiders.
According to the report, the number of shares inherited by Mr. Cuong is more than 20.75 million shares, and the transaction was expected to take place from October 21, 2024, to November 19, 2024. However, by the end of the trading day, Mr. Cuong had only inherited more than 11 million DIG shares.
Mr. Cuong stated that the reason for not completing the transaction for the full amount of registered shares was due to the process of transferring ownership at the relevant authorities, as per regulations.
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After this transaction, Mr. Cuong’s shareholding increased from nearly 61.96 million shares (equivalent to 10.16% of capital) to over 71.96 million DIG shares (equivalent to 11.96% of capital).
Mr. Nguyen Hung Cuong is expected to inherit the remaining 9.75 million DIG shares between November 22, 2024, and December 21, 2024. If the transaction is successful, the number of DIG shares he holds will increase to more than 82.71 million, equivalent to 13.56% of the charter capital of DIC Corp.
In terms of business results, according to the consolidated financial statements for Q3 2024, DIC Corp recorded net revenue of nearly VND 47.3 billion, down 80.11% over the same period in 2023. Real estate business revenue was nearly VND 92.8 billion, down 38.35%, construction product revenue was just over VND 1.6 billion, and service revenue was nearly VND 1.1 billion, down 74.43%.
The company’s total accounting profit before tax was a loss of over VND 5.9 billion, while the same period last year made a profit of over VND 21.7 billion. After deducting taxes and fees, the profit of the parent company increased by 47.65% to nearly VND 45.8 billion, but the consolidated profit after tax of DIC Corp was only over VND 11.2 billion, down 7.23% over the same period in 2023.
For the first nine months of 2024, DIC Corp reported a net profit of nearly VND 15.2 billion, down 84.47% over the same period in 2023. Meanwhile, the company’s business plan for 2024 expected a consolidated after-tax profit of VND 760 billion. Thus, DIC Corp has achieved only 2% of its projected after-tax profit.
As of Q3 2024, DIC Corp’s total assets were over VND 18,153.9 billion, up 7.88% from the beginning of the year. Of this, short-term assets were nearly VND 16,514.3 billion, including cash and cash equivalents of nearly VND 1,478.6 billion, held-to-maturity investments of VND 972.4 billion, short-term receivables of nearly VND 5,985.8 billion, and inventories of nearly VND 7,865 billion.
The company’s long-term assets were nearly VND 1,639.7 billion, including long-term receivables of nearly VND 80.1 billion, fixed assets of over VND 818 billion, investment properties of nearly VND 111 billion, long-term assets under construction of over VND 44.5 billion, long-term financial investments of over VND 414.9 billion, and other long-term assets of nearly VND 171.2 billion.
Total liabilities of DIC Corp were over VND 10,204.7 billion, up 14.22% from the beginning of the year, and equity was nearly VND 7,949.2 billion, up 0.7%.
By Khanh Han
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