MCG: MCG still in the supervision status

On April 05, 2019, the Hochiminh Stock Exchange (HOSE) received the 2018 audited consolidated financial statements of Vietnam Mechanization Electrification & Construction Joint Stock Company (code: MCG). According to the report, the after-tax profit of the parent company’s shareholders in 2018 was -154 billion dongs, but the undistributed after-tax profit until December 31, 2018 was -328 billion dongs, and the auditor expressed an except-for opinion.

Therefore, MCG continues to suffer losses and has not overcome the causes making the stock under the supervision status.

HOSE continues to remain the supervision status for the stock MCG and will consider solutions for the stock MCG after having the 2019 semi-annual financial statements.

HOSE

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