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VietNamNews

Construction firm may be delisted after losses exceed capital

Update: March, 02/2013 - 06:00
HA NOI (VNS)— Vinaconex Infrastructure Development and Investment Co (VCH) made a profit of VND1.14 billion (US$54,200) in the fourth quarter of last year, but reported an annual loss of VND29 billion ($1.3 milion).

The company also lost over VND36 billion ($1.7 million) a year earlier. The total loss in 2011 and 2012 was 63 per cent higher than its charter capital of VND40 billion ($1.9 million).

Under current regulations, if the audited financial statement for 2012 does not show a positive difference, the company will be delisted.-VNS

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