DIC Corp (DIG) debt increased by 39%, bought back 461 billion VND of bonds

Recently, Construction Development Investment Corporation - DIC Corp (code: DIG) announced the completion of the purchase of 4,610 bonds, equivalent to a value of VND 461 billion.

This is the bond lot code DIGH2124002, issued on September 30, 2024 with a term of 3 years, maturing on September 30, 2024. The par value is 1,000 billion VND. After completing the purchase of the above bond lot, DIC Corp's remaining bond balance is 2,039 billion VND.

DIC Corp (DIG) increased its debt by 39% in the first half of the year, and has just completed the purchase of 461 billion VND in bonds (Photo TL)

Regarding business activities, in the first 6 months of the year, DIC Corp recorded net revenue of VND 635.2 billion, an increase of 76.8% over the same period. Profit after tax reached VND 3.9 billion, a decrease of 95.5% over the same period in 2023.

Notably, although gross profit reached VND108.9 billion, up 48.1% over the previous year, gross profit margin still decreased from 20.5% to 17.1%. The reason is that financial revenue decreased to VND34.9 billion, equivalent to a reduction rate of 82.5%.

The company's operating costs also increased, with administrative expenses increasing by 55.9% to VND99.1 billion. Compared to the 2024 business target of VND2,300 billion in revenue and VND1,010 billion in pre-tax profit, DIG has only completed 2.1% of the annual profit plan.

In particular, in the first half of 2024, DIC Corp's capital structure changed significantly. Of which, debt increased by VND 1,213.3 billion to VND 4,324.9 billion, equivalent to an increase of 39%.

Source: https://www.congluan.vn/dic-corp-dig-no-vay-tang-39-mua-lai-461-ty-dong-trai-phieu-post315776.html