Everest Securities Joint Stock Company (EVS-HNX) has just announced an insider trading transaction.

Accordingly, Mr. Nguyen Hai Chau, Chairman of the Board of Directors of the Audit Committee, registered to buy 2.2 million EVS shares from April 28 to May 28.

Mr. Chau currently holds over 6.5 million EVS shares, representing a 3.95% stake. If successful, Mr. Chau will increase his ownership to over 8.7 million shares, or 5.28%, and become a major shareholder of EVS.

At the close of the trading session on April 22, the share price dropped to VND 5,000/share. Temporarily calculating the above price, Mr. Chau had to spend VND 11 billion to become a major shareholder of the company.

In the first quarter of 2025, EVS recorded operating revenue of nearly VND 97 billion, up 72% over the same period last year (VND 56.23 billion); expenses increased by 110.9% from VND 37.39 billion to VND 78.56 billion; other income was recorded at more than VND 125 million; profit before tax decreased by 5.3% to VND 17.86 billion, but profit after tax decreased by 31.2% to VND 10.37 billion.

According to explanations from EVS, the profit decrease was due to fluctuations in the stock prices of the portfolio in the first quarter of 2025, which led to a revaluation of financial assets at FVTPL. However, the revaluation decrease of financial assets at FVTPL also increased sharply, and at the same time, provision expenses had to be accrued instead of being reversed as in the same period. As a result, EVS’s net profit was slightly over VND 10 billion, down 31%.

In 2025, EVS plans to achieve an operating revenue of VND 174.77 billion and a profit after tax of VND 9.36 billion. Thus, EVS has officially exceeded its annual plan.

According to EVS’s management, the 2025 business plan was built with a low-profit target, focusing on the company’s restructuring, financial settlement of receivables, and inefficient investments from the previous period, which are at high risk of losses, to supplement capital for business expansion.

Source: VnEconomy
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