HVN: HVN shares likely to be delisted

On February 01, 2023, the Hochiminh Stock Exchange (HOSE) issued a document announcing the possibility of delisting for the shares of Viet Nam Airlines JSC (HOSE: HVN) due to the Equity was -2,160 billion dong according to the consolidated financial statements in Quarter 1/2022, and the profit after tax of the parent company’s shareholders in 2020, 2021 was negative according to the audited consolidated financial statements in 2020 and 2021. In addition, the Company’s profit after tax of parent company’s shareholders in 2022 was -10,452.6 billion dongs and the undistributed profit after tax until 12/31/2022 was -34,199.5 billion dongs, Equity was -10,199.2 billion dongs according to the consolidated financial statements in Quarter 4.2022. Because Viet Nam Airlines JSC has suffered a loss in business results for 3 consecutive years 2020, 2021 and 2022, so the shares of Viet Nam Airlines JSC are likely to be delisted if the audited financial statements in 2022 continue to have the business result is negative.

HOSE

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