HAG: HAG still in the warning status
On April 09, 2020, the Hochiminh Stock Exchange (HOSE) received the 2019 audited consolidated financial statements of Hoang Anh Gia Lai Joint Stock Company (HOSE: HAG). Accordingly, the after-tax profit of the parent company’s shareholders in 2019 was 216.52 billion dongs, and the undistributed after-tax profit until December 31, 2019 was 290.34 billion dongs. Besides, the audit company continued giving the qualified opinion about short-term and long-term receivables and the qualified opinion about the corporate income tax. There is also an emphasis of matter on the short-term liabilities with an amount of 1,016,118,449 dongs, leading to the doubt about the possibility of continuous operation of the Company.
Therefore, HOSE continues to remain the warning status for HAG and will consider solutions for HAG after having the semi-annual reviewed consolidated financial statements in 2020.
HOSE
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