VNG shares, the most expensive on the stock exchange, are free from trading restrictions.

VNG shares (stock code VNZ) are free from trading restrictions because the company has submitted to the Hanoi Stock Exchange its audited financial statements for 2022 as required. Previously, the delay in submitting the audited financial statements for 2022 for more than 45 days was the reason why the most expensive stock on the stock exchange was put under trading restrictions from May 25.

VNG shares are back to normal trading from June 5.

According to the audited financial report for 2022 that has been announced, VNG's after-tax profit decreased by VND 219 billion compared to the self-prepared report, correspondingly, the company's after-tax loss for the whole year of 2022 increased to VND 1,534 billion. The company's explanation said that the after-tax loss increased because VNG recorded additional expenses related to taxes, intangible fixed assets and provisions for financial investment activities.

The company also reported its business results for the first quarter of 2023 with revenue reaching VND1,853 billion, up 11% over the same period last year, but still suffered a loss after tax of VND90 billion. VNG's loss in the first quarter of this year was lower than the loss of over VND130 billion in the same period last year. The main reason for the loss is that the company still has large operating costs such as financial costs of VND8 billion, including interest on loans of more than VND4.7 billion while there was none in the first quarter of 2022; sales costs of VND544 billion and business management costs of VND337 billion...

During the period, VNG also reported a loss of VND27.4 billion in its affiliated company, while in the same period last year it only lost more than VND7.6 billion. Specifically, the company suffered a loss of more than VND9 billion when investing in Telio - a unit established in 2019 operating in the field of e-commerce; a loss of VND12 billion from its affiliated company Funding Asia - headquartered in Singapore... In addition, the loss from Tiki in the first 3 months of this year is no longer recorded after reporting a loss of the entire investment of more than VND510 billion by the end of 2022.

On the market, VNZ shares are currently priced at VND771,900 and are still the highest priced shares on the stock exchange. However, compared to the peak reached in mid-February at over VND1.5 million, this stock has decreased by nearly 50%.

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