An Phu Radiation (APC) suffered losses for 2 consecutive years, the stock was put under control.

The Ho Chi Minh City Stock Exchange has just announced its decision to put shares of An Phu Radiation Joint Stock Company (HoSE code: APC) under control due to the company continuously recording losses in 2021 and 2022. The control status of APC code will start from March 23, 2023.

Specifically, in the business results report, An Phu Irradiation JSC recorded a loss of VND 1.6 billion in 2021 and a loss of VND 9 billion in 2022. Immediately after recording a loss in 2022, APC shares were also listed by HoSE as ineligible for margin trading starting from March 16, 2023.

An Phu Irradiation Joint Stock Company (APC) has been operating at a loss for 2 consecutive years, its shares have been put under control.

Regarding the business situation in 2022, APC recorded net revenue from sales and service provision at VND 135.7 billion, an increase of 5.6% compared to 2021. However, the high cost of goods sold caused the gross profit from sales and service provision not only not to increase but also to decrease slightly to VND 44.9 billion.

Meanwhile, financial expenses, mostly interest expenses, also increased sharply from VND20.6 billion to VND26.3 billion. Business management expenses are still high, accounting for VND27.3 billion. The above expenses have pushed APC's net profit from business activities down to a loss of VND9 billion.

Regarding the price movement of APC shares, it has continuously recorded a downward trend since the beginning of 2023. Specifically, in the first trading session of 2023, APC recorded a price of VND 14,200/share. Currently, in the trading session on March 20, 2023, APC is only recorded at VND 12,750/share, down 10.2% compared to the beginning of the year.

Source: https://www.congluan.vn/ctcp-chieu-xa-an-phu-apc-kinh-doanh-thua-lo-2-nam-lien-co-phieu-bi-dua-vao-dien-kiem-soat-post239954.html