HoSE approves listing of Duc Giang Chemical (DGC)
The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of more than 129 million shares of Duc Giang Chemical Group (DGC).
Duc Giang Chemical Group, formerly known as Duc Giang Chemical Company, is a State-owned enterprise under the Viet Nam General Department of Chemicals, established in 1963.
In August 2014, the company first registered its shares on the Ha Noi Stock Exchange (HNX) with a volume of 33.5 million shares. The stock closed the first session at VND18,740 per share, now they cost some VND40,000 per share.
In the first quarter, Duc Giang recorded a turnover of VND1.52 trillion (US$65.5 million), up 31 per cent year-on-year. Post-tax profit hit VND199.6 billion, up 66 per cent year-on-year.
At the Annual General Meeting of Shareholders held in May, Chairman of the Board of Directors Dao Huu Nguyen said post-tax profit was estimated to reach VND250 billion in the second quarter this year and the figure for the whole year might be VND1 trillion.
In 2020, the company hopes to achieve revenue of VND6.08 trillion, up 20 per cent compared to 2019.