According to Decision No.151/2013/QD-SGDHCM on April 17, 2013, the stock PXT of Petroleum Pipeline & Tank Construction JSC (hereinafter called “the Company”) has been subjected to warning status because the auditing firm gave a qualified opinion with material influence on the business's operation, changing the 2012 after-tax profit from positive to negative. Besides, the auditing firm noted the possibility of continuous operation of the Company.
Based on the 2013
financial statements, the Hochiminh Stock Exchange (HOSE) continued maintaining
the warning status of stock PXT because the Company has not overcome the
auditor’s qualified opinion and notes, as well as the Company’s 2013 after-tax
profit in 2013 was –VND35.584.
Based on the 2014
semi-annual financial statements, HOSE continued maintaining the warning status
of stock PXT due to the auditor’s qualified option and notes.
On January 19, 2015,
HOSE received the Q4/2014 financial statements of Petroleum Pipeline & Tank
Construction JSC. Accordingly, its after-tax profit until December 31, 2014 was
–VND159.320 billion; and its undistributed after-tax profit was –VND194.414
billion on the charter capital of VND200 billion.
Therefore, HOSE notes
that the stock PXT may be put under supervision status because of its losses in
two consecutive years. Besides, if the 2014 audited financial statements have
the auditor’s qualified opinion and notes with material influence on the
company’s operation, HOSE will submit to the State Securities Commission to
consider the delisting of stock PXT.
