Negative profits of billions of dong, 2 companies are kept under warning status by HoSE

HoSE announced the handling of violations regarding shares of Petrolimex Import-Export Joint Stock Company (code PIT) and shares of Taicera Ceramic Industry Joint Stock Company (code TCR).

Ho Chi Minh Stock Exchange (HoSE) announced to maintain the warning status for the stocks of 2 companies. (Illustration photo: MP)

Accordingly, HoSE said it would maintain the warning status for PIT shares of Petrolimex Import-Export Joint Stock Company according to Decision No. 404/QD-SGDHCM dated June 21, 2022 of the General Director of Ho Chi Minh City Stock Exchange.

The reason is that the undistributed profit after tax as of December 31, 2023 is -30.18 billion VND, based on the audited consolidated financial statements for 2023, the shares do not meet the provisions at Point b, Clause 4, Article 37 of the Regulations on Listing and Trading of Listed Securities issued under Decision No. 17/QD-HDTV dated March 31, 2022 of the Board of Members of the Vietnam Stock Exchange.

According to research, Petrolimex Import-Export Joint Stock Company was established under Decision No. 0838/2004/QD-BTM dated June 23, 2004 on converting Petrolimex General Import-Export Company into Petrolimex Import-Export Joint Stock Company.

The enterprise was first granted business registration certificate No. 0301776741 in 2004. As of December 31, 2023, the company has changed its business registration certificate 20 times, with its head office located at 54-56 Bui Huu Nghia (District 5, Ho Chi Minh City), its business field is trade, services and processing of agricultural products.

Similarly, HoSE said it also maintained the warning status for TCR shares of Taicera Ceramic Industry Joint Stock Company according to Decision No. 438/QD-SGDHCM dated June 29, 2022 of the General Director of Ho Chi Minh City Stock Exchange.

The reason is that TCR's undistributed profit after tax as of December 31, 2023 is -155.07 billion VND based on the 2023 audited consolidated financial statements, the shares do not meet the provisions at Point b, Clause 4, Article 37 of the Regulations on Listing and Trading of Listed Securities issued under Decision No. 17/QD-HDTV dated March 31, 2022 of the Board of Members of the Vietnam Stock Exchange.

Taicera Ceramics Industry Joint Stock Company was established in 1994 under license 764/GP issued by the State Committee for Investment Cooperation, now the Ministry of Planning and Investment, on January 11, 1994. On August 9, 2005, under license number 764CPH/GP issued by the Ministry of Planning and Investment, the company officially became a joint stock company. The company began listing with the code TCR on December 29, 2006 on the Ho Chi Minh City Stock Exchange.

Thanh Lam

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