DIC Corp (DIG) Stock price just increased, chairman's wife sold shares

Since the second half of October 2023, DIC Corp's stock code DIG has surged by 40.7%. Following this development, the Chairman's wife registered to sell a large quantity of shares.

Specifically, Ms. Le Thi Ha Thanh, wife of Mr. Nguyen Thien Tuan, Chairman of the Board of Directors of DIC Corp, has registered to sell 200,000 DIC shares. The transaction period is from December 11, 2023 to January 9, 2024.

DIC Corp (DIG) shares have just surged, and the chairman's wife has immediately registered to sell a large quantity of shares (Photo: TL).

However, by the end of the trading period, Ms. Le Thi Ha Thanh had only sold 25,300 shares, equivalent to 12.65% of her initial registered stake. After the transaction, the number of shares Ms. Thanh held decreased from 976,202 to 950,902 shares, equivalent to 0.156% of the charter capital.

The reason given by the chairman's wife for not buying all the shares was that the stock price movements were not yet favorable.

In terms of business performance, DIC Corp continuously recorded declines due to the sluggish real estate market. Revenue in Q3 2023 reached VND 235.2 billion, a decrease of 44.5% compared to the same period last year. Gross profit reached VND 66.9 billion, a decrease of 41% compared to the same period last year. The corresponding gross profit margin was 28.4%.

Financial revenue in Q3 reached VND 10.8 billion, a decrease of 27.6%. Financial expenses also decreased by two-thirds, down to VND 11.6 billion. Selling expenses and administrative expenses both decreased, recorded at VND 46.6 billion.

After deducting all expenses, DIC Corp's after-tax profit was 12.1 billion VND. It should be noted that the company avoided losses partly due to significant cost reductions. However, its core business operations are still being affected by the sluggish real estate market.

In the first nine months of the year, DIC Corp achieved cumulative revenue of VND 593.7 billion, a decrease of 60.9% compared to the same period last year. After-tax profit decreased by 31%, to only VND 97.7 billion. Compared to the business targets set at the beginning of the year, DIC Corp has only completed 10% of its annual profit plan.

Source: https://www.congluan.vn/dic-corp-dig-thi-gia-vua-bat-tang-vo-chu-tich-lien-dang-ky-ban-luong-lon-co-phieu-post280512.html