Profit halved, Tracodi (TCD) issued 30.5 million shares

Tracodi Industrial Development and Transport Investment Joint Stock Company (TCD) has just announced the closing date for issuing bonus shares to shareholders on July 9, 2024.

Accordingly, the company will issue 30.5 million shares to increase its charter capital. Equivalent to an implementation rate of 10%, each shareholder owning 100 shares will receive an additional 10 newly issued shares.

Tracodi (TCD) Q1 profit halved, expected to increase capital by 2,231 billion VND (Photo TL)

The total par value of the bonus shares is VND305 billion. The capital for issuance is taken from the accumulated surplus of equity capital calculated on the audited financial statements for 2023. In addition, TCD is also planning to issue 170 million individual shares, with an offering price of VND10,000/share.

In May, TCD also completed an 8% share issuance, equivalent to 22.6 million additional shares. Thus, if including the two share issuance plans being prepared, TCD will increase its charter capital to about VND2,231 billion.

Regarding business activities, in the first quarter of 2024, Tracodi recorded revenue of VND 241 billion, a sharp decrease compared to the same period. Net profit from business activities reached VND 36 billion, profit after tax recorded VND 30 billion, down more than half compared to 2023.

In 2024, the company plans to implement infrastructure projects including: Phan Thiet Airport project, component project 4 of the Chau Doc - Can Tho - Soc Trang Expressway construction project phase 1; the project connecting the old National Highway 3 to Vo Nguyen Giap Street ( Hanoi ), Duc Thinh residential area project (Bac Giang); renovating and upgrading the expansion of DT830 and DT824 from An Thanh bridge to Duc Hoa town (Long An).

Source: https://www.congluan.vn/loi-nhuan-giam-nua-tracodi-tcd-phat-hanh-305-trieu-co-phieu-thuong-cho-co-dong-post301796.html