ITC: ITC still in the warning status

On August 29, 2017, the Hochiminh Stock Exchange (HOSE) received the 2017 semi-annual reviewed consolidated financial statements of Investment and Trading of Real Estate Joint stock Company (code: ITC). According to the report, the after-tax profit of the parent company’s shareholders in the first six months was 42.66 billion dongs, but the undistributed after-tax profit until June 30, 2017 was 42.56 billion dongs.

However, the Company used 225,431,309,776 dongs from the Capital Surplus to pay for the loss on the undistributed after-tax profit. Therefore, ITC has not met enough conditions to be released from the warning status.

HOSE continues to remain the warning status for the stock ITC and will consider solutions for the stock ITC after having the 2017 audited consolidated financial statements.

HOSE

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