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The chairman of the board of CTCP Kim khí Miền Trung (KMT) has registered to buy 2.1 million KMT shares between 02 and 29 April to increase his stake. The current holding is 2,913 shares, equivalent to about 0.03% of charter capital.
If the purchase is completed, his ownership is expected to rise to 21.66%, which could make him the fourth-largest shareholder in the company. Based on the closing price on 01 April of VND 11,900 per share, the transaction value is estimated at about VND 25 billion.
KMT’s three major shareholders are Vietnam Steel Corporation (38.3% of capital), Ms. Nguyen Quynh Hoa (24.62%), and Ms. Pham Huynh Thao Tran (24.01%).
In the market, the stock traded at a high of VND 13,200 per share on 30 March, then fell to the VND 11,900 level on 31 March and remained around that level through 01 April.
For 2025, KMT reported net revenue of over VND 5.3 trillion, up 16% year-on-year. However, cost of goods sold accounted for 98% of revenue and increased faster (up 17%), resulting in gross profit falling 10% to VND 91 billion.
Profitability was further pressured by interest expenses, selling costs, and administrative costs. As a result, net income for the year was just over VND 6 billion, down 42% from 2024.
At the 2025 annual general meeting, KMT’s resolution set a planned dividend of 6%. However, the company decided not to pay a dividend for 2025 due to underwhelming profitability, with pretax profit reported at only 75% of the plan, and the need for funds to invest in the office building project for rent at 16 Thai Phien, Da Nang.
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