POM: POM likely to be put under supervision

According to Decision No.121/QD-SGDHCM on April 01, 2014, the stock POM of Pomina Steel Corporation (hereinafter called “the Company”) has been subjected to warning status because the company’s profit after tax until December 31, 2013 of –VND21.85 billion and its undistributed profit of –VND190.08 billion (based on 2013 audited financial statements).

Based on the 2014 reviewed semi-annual financial statements, the Hochiminh Stock Exchange (HOSE) continued maintaining the warning status of stock POM.

On February 14, 2015, HOSE received the Q4/2014 consolidated financial statements of Pomina Steel Corporation. Accordingly, its after-tax profit until December 31, 2014 was –VND25.52 billion; and its undistributed after-tax profit was –VND215.6 billion.

Therefore, HOSE notes that the stock POM may be put under supervision status because of its losses in two consecutive years.

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