Thursday, 01/03/2012 19:44

MHC: MHC continues to be put under control

On February 27, 2012, the Hochiminh Stock Exchange (HOSE) received the 2011 audited financial statements of the parent company of Hanoi Maritime Holding Company (MARINA HANOI). According to the statements, the consolidated profit after tax and the profit after tax of the parent company in 2011 were VND1.1 billion and VND108.3 million in turn.

Therefore, MHC will not be forced to delist from HOSE because the Company had losses in three consecutive years as announced on February 21, 2012.

Although MHC had profit in 2011, the Company has not overcome the cumulative losses from 2009 and 2010 (MHC’s undistributed profit until 12/21/2011 was –VND77.3 billion). Therefore, HOSE will continue putting MHC under control and monitoring MHC in order to suggest solutions when MHC has the financial statements of the first half of 2012.

hose

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