CIG: CIG likely to be put under supervision

According to Decision No.108/2013/QD-SGDHCM on April 03, 2013, the stock CIG of Coma18 Joint Stock Company (hereinafter called “the Company”)  has been subjected to warning status because the Company’s after tax profit was –VND11.92 billion and its undistributed after tax profit was –VND8.81 billion according to 2012 audited financial statements.

Based on the 2013 financial statements, the Hochiminh Stock Exchange (HOSE) continued maintaining the warning status of stock CIG because the Company’s 2013 after-tax profit in 2013 was –VND1.72 billion and undistributed after tax profit was –VND21.49 billion.

On January 27, 2015, HOSE received the Q4/2014 financial statements of Coma18 Joint Stock Company. Accordingly, its after-tax profit until December 31, 2014 was –VND61.19 billion; and its undistributed after-tax profit was –VND89.16 billion.

Therefore, HOSE notes that the stock CIG may be put under supervision status because of its accumulated losses in 2013 and after tax profit in 2014 was negative number.

HOSE

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