Saigon 3 Jean Company Limited, an organization related to Mr. Nguyen Quoc Viet, a member of the Board of Directors at Southern Battery Joint Stock Company, has just announced the purchase of 3 million PAC shares. The transaction period is from December 14, 2023 to December 15, 2023.
After the above transaction, the number of shares held by this unit will increase from 0 to 3 million shares, equivalent to 6.46% of charter capital. With this share ratio, Saigon 3 Jean has officially become a major shareholder of PAC.
Pinaco (PAC) profit drops 49%, related organization acquires 3 million more shares (Photo TL)
Regarding the business situation in 2023, in the most recent third quarter, the company recorded net revenue of VND 672.8 billion, down 22% over the same period. The reason given was due to the decrease in battery sales revenue of PAC. Gross profit reached VND 95.7 billion, equivalent to a gross profit margin of 14.2%.
The company's after-tax profit reached VND80.3 billion, down 49% over the same period last year. Compared to the set business results, PAC has currently completed 71% of the annual profit target.
However, it should be noted that this is a revised business target. Accordingly, the company's Board of Directors has adjusted the annual business plan down to VND3,600 billion in revenue and VND145 billion in pre-tax profit.
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