PGT: Explanation for reason of stock under supervision and solutions
On 04/4/2014, Saigon Petrolimex Gas Taxi
JSC announced explanation for reason of stock under supervision and solutions
as follows:
- Reason:
+ Shares of Saigon Petrolimex Gas Taxi
JSC was under supervision from 01/04/2014 because audited profit after tax in
2013 was VND -21,079,750,668.
+ Profit before tax of PGT was VND
8,717,745,341, however the Company had to extract provision for some bad debts
from 2011 with amount of VND 29,717,496,009 so the Company got loss.
- Solutions:
+ Complete production-business plan in
2014
+ Focus on withdrawing stagnant
receivables even suing to Courts and accusing to Police. HNX
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