The Ho Chi Minh City Stock Exchange (HoSE) has just announced that NVL shares of No Va Real Estate Investment Group (NovaLand) will be removed from the warning list from November 3, because the company has resolved the cause that led to the stock being warned.
This stock code was put on warning by the management agency since April 25 due to late submission of audited financial statements for 2022, more than 15 days after the prescribed deadline.
Currently, NVL shares are still on the list of stocks not eligible for margin trading because the securities are under warning.
NVL shares ended the morning session on November 2 increasing to the maximum amplitude of 14,000 VND/share with a volume of nearly 24 million shares.
As of 1:50 p.m., this real estate code still has more than 8.5 million shares competing to buy (waiting to match) at the ceiling price.
The third quarter report showed that after-tax profit reached 137 billion VND, down 42% compared to the same period but broke the heavy loss streak of the first two quarters of the year.
This result was partly due to asset liquidation as Novaland earned more than VND2,230 billion in financial revenue in the last quarter, mainly from asset sales to restructure debt.
The company has divested capital from Thanh Nhon Real Estate Investment Company Limited (nearly VND 1,179 billion); the rest is profit from investment cooperation contracts, deposit/loan interest and other activities.
Legal issues of the projects have also been gradually resolved. By the end of September, this southern real estate giant recorded total assets of more than VND249,000 billion, a slight decrease of 3% compared to the beginning of the year. Most of this was inventory value of nearly VND138,000 billion and short-term receivables of nearly VND56,500 billion.
On the other side of the balance sheet, total liabilities decreased by 9% compared to the beginning of the year to around VND205,000 billion, including financial loans of nearly VND59,000 billion.
Source
Comment (0)