Development firm posts losses

tohang

The Kinh Bac City Development Company (KBC) has recently announced its audited financial statement for the first six months of this year, revealing losses of VND70.75 billion (US$3.3 million), a surge of VND9 billion ($424,500) compared to the initial report.

Photo cafebiz

BAC NINH (Biz Hub)— The Kinh Bac City Development Company (KBC) has recently announced its audited financial statement for the first six months of this year, revealing losses of VND70.75 billion (US$3.3 million), a surge of VND9 billion ($424,500) compared to the initial report.

The biggest change after the audit was the deferred corporate income tax in the first six months.

The company had reported its deferred tax at VND43.3 billion ($2 million), while the audit shows that the figure was just VND29.3 billion ($1.38 million).

  • Share:

see also

SSC strengthens role in mobilising medium and long-term capital

SSC strengthens role in mobilising medium and long-term capital

Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.
Market tumbles as liquidity surges

Market tumbles as liquidity surges

Market breadth was overwhelmingly negative, with 244 stocks declining compared to just 71 advancing. Trading value on the southern bourse rose sharply to VNĐ17.8 trillion (approximately US$698.9 million), marking a 40.1 per cent increase from the previous session.
Tasco to issue 179 million shares for subsidiary investments

Tasco to issue 179 million shares for subsidiary investments

The offering is expected to raise VNĐ1.78 trillion, which will be invested in subsidiaries, including Tasco Auto, Tasco Insurance  and VETC JSC.
A year-end surge in property bond issuance amid financial challenges

A year-end surge in property bond issuance amid financial challenges

The trend underscores a sector grappling with financial challenges, while seeking innovative ways to restructure debts, ensure liquidity and stabilise operations in a volatile market.
Market ticks up on back of blue-chip stocks

Market ticks up on back of blue-chip stocks

However, foreign capital continued to flow out of the market, with a total net selling value of nearly VNĐ50.4 billion on the two main exchanges.