HAG: HAG still in the supervision status

On August 31, 2020, the Hochiminh Stock Exchange received the reviewed consolidated financial statements for the first six months of 2020 by Hoang Anh Gia Lai Joint Stock Company (HAG). Accordingly, the profit after tax of shareholders of parent company in the first six months of 2020 was 107.38 billion dongs and the undistributed profit after tax until December 31, 2019 was 397.48 billion dongs. However, the audit company continued giving the qualified opinion about short-term and long-term receivables. The auditor gave an emphasis of matter related to the Group’s short-term liabilities at June 30, 2020 exceeding its short-term assets by 1,372,377,031 thousand dongs.

Therefore, HOSE continues to remain the warning status for HAG shares and will consider solutions after having HAG’s 2020 audited financial statements.

HOSE

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