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PXT: PXT still in the warning status On August 14, 2017, the Hochiminh Stock Exchange (HOSE) received the 2017 semi-annual reviewed financial statements of Petroleum Pipeline & Tank Construction Joint Stock Company (code: PXT). According to the report, the after-tax profit in the first six months of 2017 was 6,002,896,635 dongs, but the undistributed after-tax profit until June 30, 2017 was -129,204,741,317 dongs. Besides, the auditor gave except-for opinions regarding that the Company has not received the official approval by the People’s Committee of Vung Tau for the extension and transfer of land-use rights at 35G and 35D, Street 30/4, ward 9, Vung Tau city and the previously emphasized issues. In addition, the Company has overdue payables for FECON Corporation and Petrovietnam Construction JSC 2 with the amount of 6,189,525,220 dongs and 6,629,966,337 dongs respectively.
Therefore, HOSE continues to remain the warning status for the stock PXT and will consider solutions for the stock PXT after having the 2017 audited financial statements. HOSE
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