Southern Battery Joint Stock Company - Pinaco (Code: PAC) has just announced its business results for the third quarter of 2024. Of which, revenue reached VND 969 billion, up 22% over the same period. Pre-tax profit is estimated at VND 40 billion, up 52%.
In the first 9 months of 2024, Pinaco's net revenue reached VND 2,919 billion, pre-tax profit reached VND 123 billion, an increase of 18.7% compared to the first 9 months of 2023.
Pinaco (PAC) has many positive business results but its stock price still lost 25% (Photo TL)
Compared to the business target set for 2024, Pinaco expects revenue of VND 3,800 billion and pre-tax profit of VND 160 billion. Thus, Pinaco has closely followed its business target by completing 77% of the yearly plan.
Previously, in the second quarter of 2024, Pinaco's PAC stock had a sharp decline to VND 46,000/share. Notably, this bottom level decreased by 17% compared to the peak of VND 55,400/share reached on July 10, 2024.
Since then, PAC shares have continued to have sessions of price decline. Recorded in the trading session on October 15, 2024, PAC is priced at VND 40,300/share, equivalent to a decrease of 25.5% compared to the peak reached in mid-June.
Faced with this price decline, the company’s shareholder structure also changed significantly in September. PVI Opportunity Investment Fund (POF) sold 4 million PAC shares and is no longer a major shareholder of the company. Thanh Cong Fund Management Company Limited also sold 1 million PAC shares, equivalent to 2.15% of charter capital.
Source: https://www.congluan.vn/pinaco-pac-loi-nhuan-quy-3-tang-52-co-phieu-van-mat-gia-25-so-voi-dinh-thang-6-post316917.html
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