According to the regulations of the Ministry of Finance : "Listed organizations, large-scale public companies that are parent companies of other organizations, or superior accounting units with affiliated units that have their own accounting apparatus must publish quarterly financial statements within 30 days from the end of the quarter". After the above deadline, RDP has not yet submitted its financial statements, so HoSE has issued a document reminding the Company to strictly comply with the regulations.
In fact, RDP is not only late in submitting the Q3/2024 financial statements. Previously, on October 17, RDP shares received a decision to change from controlled to restricted trading - only allowed to trade in the afternoon session from October 24, 2024. The reason is due to the delay in announcing the audited semi-annual financial statements for 2024, more than 45 days after the prescribed deadline.
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| RDP has just been reminded by HoSE. |
In addition, RDP was put on warning because the parent company's after-tax profit and undistributed after-tax profit were negative (-142.5 billion VND and -205.7 billion VND, respectively) based on the audited consolidated financial statements of 2023; according to the regulations on listing and trading of securities.
After that, RDP issued a written explanation. The delay in announcing the 2024 semi-annual audited financial statements was due to RDP and the auditing organization, Nhan Tam Viet Auditing Company Limited, not being able to finalize the report on time, and committed to focus on completing the report to announce it as soon as possible. At the same time, it committed to explaining and reporting on the situation of overcoming the situation of securities being restricted from trading periodically every quarter. Regarding the 3rd quarter financial statements, the Company has not yet issued a written explanation.
RDP's consolidated financial report for the second quarter of 2024 shows that sales and service revenue in the second quarter of 2024 reached VND 255.3 billion - a sharp decrease compared to VND 776.7 billion recorded in the same period last year. Accumulated in the first 6 months of 2024, sales and service revenue reached VND 765.9 billion, a long decline compared to the VND 1,361 billion recorded in the same period last year.
Total profit after corporate income tax in the second quarter was negative VND65.6 billion, while it reached VND10.4 billion in the same period in 2023. Accordingly, RDP's profit after tax in the first 6 months of the year was negative VND64.5 billion, a sharp decrease compared to VND11 billion recorded in the first half of last year.
In the official dispatch explaining the consolidated financial report for the second quarter of 2024 sent to the State Securities Commission and HoSE on July 26, 2024, RDP said that the profit after tax in the second quarter of 2024 was negative 65.6 billion VND, down 76 billion VND compared to the same period in 2023.
RDP's business performance also fluctuated negatively. In early July, the Plastic Enterprise decided to temporarily suspend operations of two branches for 1 year without giving specific reasons, including the branch in Thanh Xuan district, Hanoi and the branch of plastic packaging factory No. 1 in Cu Chi district, Ho Chi Minh City, until July 12, 2025 and July 19, 2025, respectively.
Rang Dong Holding is headquartered at 190 Lac Long Quan, Ward 3, District 11, Ho Chi Minh City. This company specializes in manufacturing and trading household and technical plastic products; manufacturing machinery and equipment for the plastic industry; civil and industrial construction; site leveling; real estate business; office leasing; hotel and restaurant business; road freight transport...
The Chairman of the Board of Directors of RDP is Mr. Ho Duc Lam. Although he has been a senior employee of Rang Dong Holding for many years, since the beginning of the year, Chairman of the Board of Directors Ho Duc Lam has sold and had a total of more than 19.1 million RDP shares sold, reducing his ownership ratio from 45.04% to 6.09% of the company's charter capital.
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