HoSE approves listing of Đức Giang Chemical

July 08, 2020 - 12:43

Đức Giang Chemical Group, formerly known as Đức Giang Chemical Company, is a State-owned enterprise under the Việt Nam General Department of Chemicals, established in 1963.

Đức Giang Chemical Group, formerly known as Đức Giang Chemical Company, is a State-owned enterprise under the Việt Nam General Department of Chemicals, established in 1963. — Photo chungcuducgiang.com

HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) has approved the listing of more than 129 million shares of Đức Giang Chemical Group (DGC).

Đức Giang Chemical Group, formerly known as Đức Giang Chemical Company, is a State-owned enterprise under the Việt Nam General Department of Chemicals, established in 1963.

In August 2014, the company first registered its shares on the Hà Nội Stock Exchange (HNX) with a volume of 33.5 million shares. The stock closed the first session at VNĐ18,740 per share, now they cost some VNĐ40,000 per share.

In the first quarter, Đức Giang recorded a turnover of VNĐ1.52 trillion (US$65.5 million), up 31 per cent year-on-year. Post-tax profit hit VNĐ199.6 billion, up 66 per cent year-on-year.

At the Annual General Meeting of Shareholders held in May, Chairman of the Board of Directors Đào Hữu Nguyên said post-tax profit was estimated to reach VNĐ250 billion in the second quarter this year and the figure for the whole year might be VNĐ1 trillion.

In 2020, the company hopes to achieve revenue of VNĐ6.08 trillion, up 20 per cent compared to 2019. — VNS

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