Thang Long Thermal Power explains errors in the document announcing financial situation

(Dan Tri) - On March 27, Dan Tri newspaper published an article "Thang Long Thermal Power Company 'mistakenly' reported a loss of more than 500 billion VND as a profit". After that, the company responded regarding the above issue.

According to Thang Long Thermal Power Joint Stock Company, implementing the provisions of Circular 96 on guidelines for information disclosure on the stock market, on March 27, 2024, the enterprise sent Official Dispatch No. 86 to the Hanoi Stock Exchange regarding the periodic disclosure of audited financial statements for 2023.

Thang Long Thermal Power Joint Stock Company Factory.

In the document No. 86, the company mistakenly presented the title of the indicator from "Previous period" to "Reporting period" and vice versa, causing the loss of VND 528 billion in 2023 to become a profit. However, the data presented in the audited financial report attached to the above document has the correct data, that is, in 2023 the company lost more than VND 528 billion and in 2022 it made a profit of nearly VND 122 billion.

On July 24, 2024, the company announced its financial report for the first 6 months of 2024 before issuing 2 batches of bonds in August and September 2024, then issuing them separately in 2 batches. In this document, the company said that it had announced the correct figures. The interest on the above bond batches was paid in February and March 2025.

On March 20, when preparing to announce the 2024 financial report as prescribed, the company reviewed the information announcement for 2023 and the first 6 months of 2024, discovered errors in the previously sent official dispatch No. 86, so it announced information according to official dispatch No. 127 to correct the information in the previous official dispatch No. 86.

Thang Long Thermal Power Joint Stock Company affirmed that the confusion between the indicators "reporting period" and "previous period" in Official Dispatch No. 86 dated March 27, 2024 was only due to errors in drafting the document, not intentionally reporting incorrectly to issue the company's individual bonds in August and September 2024.

Source: https://dantri.com.vn/kinh-doanh/nhiet-dien-thang-long-giai-thich-sai-sot-trong-cong-van-cong-bo-tinh-hinh-tai-chinh-20250329163444349.htm