PIT: PIT still in the supervision status
According to the 2016 audited financial statements of Petrolimex International Trading Joint Stock Company (Code: PIT), the after-tax profit in the individual financial statements was 8.3 billion dongs, and in the consolidated financial statements was 7.85 billion dongs. The the undistributed after-tax profit by 12/31/2016 was -9.98 billion dongs. However, in the audited consolidated financial statements, the auditor expressed except-for opinion. Therefore, in accordance with the auditor's opinion, the after-tax profit by 12/31/2016 will decrease to 2.55 billion dongs, and the Company has not established an inventory allowance of 86.2 billion dongs for iron, steel, raw materials and semi-finished products. This is uncertain to ensure 2016 profit.
Therefore, HOSE continues to remain the supervision status for PIT.
HOSE
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> KSB: BODs Resolution No.05 _ 05 Apr 2017 (12/04/2017)
> HAH: BODs Resolution No.0204 _ 10 Apr 2017 (12/04/2017)
> ACC: BODs Resolution No.02 _ 10 Apr 2017 (12/04/2017)
> HPG: Report on Outstanding Voting Shares (12/04/2017)
> PHR: Business performance in Quarter 1.2017 (12/04/2017)
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