PXI: Continue to be in the warning status

On August 14, 2015, the Hochiminh Stock Exchange (HOSE) received the 2015 semi-annual reviewed financial statements by Petroleum Industrial & Civil Construction Joint Stock Company (Code: PXI). According to the report, the after-tax profit is 13.4 billiondongs and the undistributed after-tax profit by June 30, 2015 is 13.4 billion dongs. However, the audit firm Deloitte has given the qualified opinion on the recoverable value of the projects under construction, long-term prepaid expenses at Note 13, 14, 10 and emphasized the bank deposit at Note 5. Therefore, the Company has not overcome the causes making the stock under the warning status.

HOSE continues to remain the warning status for the stock PXI and will consider solutions for the stock PXI after having the 2015 audited consolidated financial statements.

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