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PGT: Explanation for reason of stock under supervision and solutions

Apr 16th at 17:25
16-04-2014 17:25:26+07:00

PGT: Explanation for reason of stock under supervision and solutions


On 04/4/2014, Saigon Petrolimex Gas Taxi JSC announced explanation for reason of stock under supervision and solutions as follows:

- Reason:

+ Shares of Saigon Petrolimex Gas Taxi JSC was under supervision from 01/04/2014 because audited profit after tax in 2013 was VND -21,079,750,668.

+ Profit before tax of PGT was VND 8,717,745,341, however the Company had to extract provision for some bad debts from 2011 with amount of VND 29,717,496,009 so the Company got loss.

- Solutions:

+ Complete production-business plan in 2014

+ Focus on withdrawing stagnant receivables even suing to Courts and accusing to Police.

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