SDA: Explanation for share to be put into alert

SDA: Explanation for share to be put into alert

(10/04/2013) SIMCO Song Da JSC explained share to be put into alert as follows:

Share to be put into alert due to negative profit after tax in 2012

Profit before tax: VND903,667,502

Profit after tax: VND(-)554,718,675

Reasons:

-       Negative profit from associated company: VND(-)196,042,789

-       Additional payment of income tax: VND1,036,426,513 billion due to expenses of VND4,145,706,051 which was not deducted in calculating taxable income, including:

Late payment of tax (0.05%/day): VND4,067,784,661

Late payment of social insurance: VND29,921,390

Non-executing members of BoDs: VND48,000,000

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