On March 31, 2017, the Hochiminh Stock Exchange (HOSE) issued Decision No.90/QD-SGDHCM to put the stock PXI of Petroleum Industrial & Civil Construction Joint Stock Company under the supervision status because the auditor gave except-for opinions on the 2012 financial statements leading the Company’s profit to be negative. Besides, PXI’s after-tax profit in the 2016 audited financial statements was -14,534,040,215 dongs.
On March 16, 2020, HOSE received the 2019 audited financial statements from PXI. Accordingly, the after-tax profit was -10,439,586,536 dongs and the undistributed after-tax profit at December 31, 2019 was -43,463,759,673 dongs. Therefore, PXI has not overcome the causes making the stock under the supervision.
HOSE will remain the supervision status for the stock PXI.