Pursuant to Decision No. 65/QĐ-XPHC dated January 24, 2025 of the State Securities Commission, Halcom Vietnam JSC (Ticker: HID – HOSE) hereby announces the correction of inaccurate information regarding the corporate income tax after-tax profit indicator as follows:
The after-tax profit according to the consolidated financial statements prepared and announced by the Company for the 2023 fiscal year was: VND 49,814,471. The corrected information is: a loss of VND 12,530,608,555, according to the audited consolidated financial statements for the 2023 fiscal year.
This corrected information was disclosed in the audited consolidated financial statements. At the same time, the Company proactively provided an explanation in Official Letter No. 291/2024/HAL-TCT dated December 30, 2024, submitted to the State Securities Commission.
Reason for the discrepancy: The audit firm (UHY Auditing and Consulting Co., Ltd.) adjusted a total amount of VND 12,714,860,891 from the Construction in Progress and Work-in-Progress Production and Business Costs items to operating expenses in the audited financial statements.
The projects are still under ongoing investment; therefore, the interim audited financial statements conducted by ASCO Auditing and Valuation Co., Ltd. continued to recognize these items in line with the Company’s self-prepared financial statements. However, the auditor of the 2023 consolidated financial statements did not recognize these items due to a more prudent recognition approach and a different assessment of the nature of the investment amounts allocated to the projects currently being implemented by the Company.