DNS shares hit the ceiling price for 11 consecutive sessions. Da Nang steel saw a profit of nearly 40 billion dong in the first quarter, far exceeding the 11 billion dong loss in the same period of 2020. The accumulated profit after tax was only nearly 5 million dong.
At the end of May 4, DNS shares of Da Nang Steel Joint Stock Company (UPCoM: DNS) were priced at 37,300 VND / share, hitting the ceiling for the 11th consecutive session, raising the market price by 297% higher. Particularly on April 19, the market price increased to the ceiling by 40% because there was no transaction in more than 6 months. Stock liquidity fluctuates from 100-17,100 units per session.
Da Nang Steel has a charter capital of VND 216 billion, with two major shareholders, An Hung Tuong Co., Ltd. with nearly 66% capital and Vietnam Steel Corporation holding 31% of capital.
The company operates in the field of manufacturing and trading in steel billets, construction steel of all kinds, colored galvanized steel sheets, wood beams, wire mesh, commonly fabricated steel … and performing billet sale contracts for most of the steel manufacturing and exporting company for partners in the Philippines.
In the first quarter, the company achieved net revenue of 406 billion dong, up 42% year-on-year. Profit after tax reached VND 39.7 billion, far exceeding the loss of 11 billion in the same period of 2020.
Business results of Da Nang Steel 8 years. Unit: billion dong.
In 2020, Da Nang Steel recorded revenue of 1,403 billion VND, an increase of 42% compared to the previous year and profit after tax of 5.4 billion VND, improved compared to a loss of nearly 46 billion VND in 2019.
Total assets as of the end of March were at VND 564 billion, up 16% from the end of the previous year. Short-term assets account for nearly 76%, mainly inventories of VND 221 billion and short-term receivables are over VND 152 billion. Long-term assets are mainly fixed assets of nearly 96 billion VND, in addition to unfinished assets of more than 17 billion VND.
In terms of capital, the company has a financial debt of nearly 151 billion VND, with 95% of short-term loans. Undistributed after-tax profit was only nearly 5 million dong, in addition to an investment fund of 7.25 billion.
Besides DNS, HAM shares of Hau Giang Materials Joint Stock Company (UPCoM: HAM) also increased by nearly 90% in a week, to VND 24,100 / share. This business operates in the business of building materials, gas, petroleum, oil … In 2020, the company reaches more than 3,200 billion VND in revenue and 31 billion VND in profit after tax, up 3% and sixty one%.
Source: ndh.vn – Translated by fintel.vn