The Ho Chi Minh City Stock Exchange (HOSE) announced that Novaland’s NVL stock will be removed from the warning list starting April 3, 2025, as the company has addressed the issues leading to this status. Previously, NVL was warned on September 23 due to late submission of financial reports. Novaland has since completed the disclosure of its reviewed financial statements for the first half of 2024 and the third quarter on time. Currently, NVL is also on the list of securities ineligible for margin trading.
In 2024, Novaland reported a loss of 4.395 trillion VND, with revenues of 9.08 trillion VND, up 90% year-on-year, but gross profit plummeted. Total debt and financial lease liabilities exceed 61.5 trillion VND. The company is undertaking significant restructuring and shows positive signals, but its continuous operational capability remains dependent on various factors.
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