(NDH) PLP shares have gained more than 100% since the listing.
Crystal Plastic Manufacturing and Technology Joint Stock Company (HoSE: PLP) has just released its 3rd quarter financial report and 9 months business results.
According to that, PLP’s Q3 revenue is 76.4 billion dong, up by 55%. The ratio of COGS to revenue dropped sharply, helping gross profit to reach 28.3 billion dong, 6.7 times higher than the same period last year. Gross profit margin increased sharply from 8.6% to 37%.
Despite a significant increase in expenses, the Company still reported a positive profit of nearly VND 14 billion, far exceeding the loss of VND 1.2 billion in the same period of 2016.
In the first 9 months, PLP recorded net revenue of 221 billion dong, 8.9 times higher than the same period last year. Despite the sharp increase in expenses, PLP still reported a profit of VND 38.6 billion, far exceeding the loss of nearly VND 3 billion in the same period of 2016.
It is known that PLP’s plan for 2017 is 350 billion revenue and 40 billion net profit, dividend at 10%. So, in 9 months, the company has nearly completed the year profit plan.
By the end of the third quarter, PLP’s total assets increased sharply from VND 258 billion to VND 407 billion; in which liabilities increased sharply to 217 billion and equity increased to 190 billion.
Since offering HoSE on August 21, 2017, the stock has risen more than 100%. At the same time, Pyn Elite Fund (Non-Ucits) and SHS also continuously purchased PLP with the number of more than 2.2 million shares.