HoSE has just issued a document stating that it will delist APC shares of An Phu Irradiation Joint Stock Company because the new enterprise reported a loss after tax for the third consecutive year.
Ho Chi Minh City Stock Exchange (HoSE) has just sent a document to An Phu Irradiation Joint Stock Company to announce the mandatory delisting of APC shares. The reason for delisting was that the company's production and business results suffered losses for 3 consecutive years.
Previously, in mid-January 1, when An Phu Irradiation announced its financial report for the last quarter of 2024 with a cumulative loss for the whole year of VND 2023 billion, HoSE also issued a document noting the delisting. .
According to the company's financial report, in 2023, net revenue from goods and service provision will reach approximately VND 118 billion, down from VND 135,7 billion the previous year. The company's gross profit was 25,4 billion VND, but after deducting financial expenses, sales and business management expenses, it reported a net loss of 35,6 billion VND. This is the third consecutive year the company reported losses, with losses becoming increasingly heavier. Previously, in 2021 and 2022, the company's after-tax loss was VND 1,6 billion and VND 9 billion, respectively.
In the written explanation of business results sent to HoSE, An Phu Irradiation leaders did not analyze in detail the cause of the heavy loss, but only said that this result came from a decrease in revenue while interest expenses increased by 22%. .
On the stock exchange, APC shares are experiencing a series of declines for two consecutive sessions but the decrease amplitude is not large. This stock closed the March 22 trading session at 3 VND. With more than 7.870 million outstanding shares, the company's market capitalization is 20 billion VND.
An Phuc Irradiation was established in 2003, operating mainly in the field of irradiation to sterilize aquatic products and preserve frozen fruits and vegetables. The company had its first trading session on the stock exchange in 2010. The first trading session's closing price was up to 39.000 VND. The golden period of this stock was around the end of 2017 when the market price sometimes reached 82.000 VND.
According to the most recent financial data published, the company has total assets of 890 billion VND and liabilities of about 300 billion VND. The company's equity is 590 billion VND, of which undistributed after-tax profits are more than 260 billion VND.
