DNVN - According to the consolidated business results of Construction Development Investment Joint Stock Corporation (stock code: DIG), net revenue in the third quarter of 2024 was VND 47.2 billion, down 80.1% over the same period last year, profit after tax was only VND 11.2 billion, down 7.2% over the third quarter of 2023.
Construction Development Investment Joint Stock Corporation (DIC Group, stock code: DIG) has just reported on revenue and profit after tax in the third quarter of 2024 compared to the same period in 2023.
The parent company's business performance report shows that net revenue in the third quarter of 2024 reached VND81.2 billion, down 38% year-on-year. Profit after tax reached VND45.7 billion, up 47.6% year-on-year.
Meanwhile, according to consolidated business results, net revenue in the third quarter was VND47.2 billion, down 80.1% from VND237.7 billion recorded in the same period last year. Profit after tax was only VND11.2 billion, down 7.2% compared to the third quarter of 2023.
DIC Group's net revenue in the third quarter of 2024 was VND 47.2 billion, down 80.1% year-on-year, and profit after tax was only VND 11.2 billion, down 7.2% compared to the third quarter of 2023.
According to DIC Group, the fluctuations in net revenue and profit after corporate income tax in the parent company's third quarter financial report this year compared to the same period last year were mainly due to a decrease in revenue in the third quarter of 2024 of VND 49.9 billion, equivalent to a decrease of 38%. In addition, financial revenue increased by VND 17.1 billion, equivalent to an increase of 214%, and corporate management expenses decreased by VND 16.8 billion. These reasons caused profit after tax to increase by VND 14.7 billion, equivalent to an increase of 47.6% over the same period last year.
In the consolidated financial statements, in addition to the main causes of fluctuations as in the parent company's financial statements mentioned above, the consolidated financial statements have additional main fluctuations such as revenue from semi-finished products (material production) increased by VND 2.98 billion - equivalent to an increase of 10.3%, real estate revenue decreased by VND 190.8 billion - equivalent to a decrease of 151.3%, and construction revenue at subsidiaries increased by VND 1.1 billion - equivalent to an increase of 2.5%.
The above fluctuations caused the net revenue in the consolidated report for the third quarter of 2024 to decrease by VND 190.4 billion - equivalent to a decrease of 80.1% and profit after tax to decrease by VND 0.87 billion, equivalent to a decrease of 7.2% compared to the same period last year.
Construction Development Investment Corporation was established in 1990, formerly known as the Ministry of Construction Guesthouse. In 2009, the company's shares were listed on the HOSE. The company operates mainly in the fields of investment in the development of new urban areas and industrial parks, housing development and urban infrastructure; construction of industrial and civil works, technical infrastructure works; production and trading of all kinds of construction materials...
At the October meeting held on October 14, Mr. Nguyen Quang Tin - General Director of DIC Group said that in the fourth quarter of 2024, the company will prioritize completing legal procedures for projects, increasing charter capital, completing project transfers as planned, developing sales plans and focusing on debt collection at projects.
Regarding the leadership, Mr. Nguyen Hung Cuong was recently elected as Chairman of the Board of Directors, the legal representative of DIC Group since August 16. Mr. Cuong replaced Mr. Nguyen Thien Tuan, former Chairman of the Board of Directors of DIC Corp, who passed away on August 10. Mr. Nguyen Hung Cuong was born in 1982, has a degree in Construction Engineering, Master of Business Administration. He is the son of the late businessman Nguyen Thien Tuan and has been associated with the group for a long time.
Thu An
Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/dic-giai-trinh-doanh-thu-quy-iii-2024-boc-hoi-hon-80/20241030061108319
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