|
LEC: Explanation for profit after tax in 2019 Central Power Real Estate Joint Stock Company explains the reason and plan to overcome the warning status of LEC shares as follows:
1) The profit after tax of shareholders of parent company in 2019 was -577,985,027 dongs:
- Before the consolidation, the parent company’s profit after tax was 2,275,601,818 dongs, including 8,640,000,000 dongs from the financial income (this was the dividend of subsidiary transferred to the parent company in 2019). However, this financial income was excluded.
- In 2019, the parent company faced challenges due to the reduction of real estate brokerage income.
- The cost of goodwill in 2019 was quite large.
- Its subsidiaries had profits, but was lower than the loss of parent company after consolidation, except for the dividend amount from subsidiaries worth 8,640,000,000 dongs.
2) Plan to overcome difficulties: In 2020, the Company will enhance trading services at the parent company as well as cut some administrative expenses in order to increase the operating profit at the parent company. HOSE
|
