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NAV: NAV still in the warning status According to Decision No.83/QD-SGDHCM dated March 29, 2017 by the Hochiminh Stock Exchange putting the stock of Nam Viet Joint Stock Company (stock code: NAV) into warning status because the Company's after-tax profit in 2016 was -12,086,062,908 billion dongs, and its undistributed after-tax profit until December 31, 2016 was -11,813,054,979 billion dongs. This is the case of warned securities, regulated at Point 1.1b and 1.1c, Article 22 of the Listing Regulations on the Hochiminh Stock Exchange.
According to the 2017 audited financial statements of Nam Viet Joint Stock Company, the after-tax profit in 2017 was 2,671,428,777 dongs, but the undistributed after-tax profit until December 31, 2017 was -9,249,603,602 dongs. Therefore, until December 31, 2017, NAV has not overcome the causes making the stock under the warning status.
HOSE continues to remain the warning status for the stock NAV and will consider solutions for the stock NAV after having the 2018 semi-annual reviewed financial statements or the 2018 audited financial statements. HOSE
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