Vietnam Airlines (stock code: HVN) reported a record consolidated after-tax profit of 7.958 trillion VND for 2024, the highest in its history. However, as of December 31, 2024, short-term debt exceeded short-term assets by 39.822 trillion VND, with negative equity of 9.344 trillion VND. Audit representatives warned that this situation posed doubts about the continuance of the company. Vietnam Airlines submitted an explanation regarding its controlled stock situation and recovery plans to the State Securities Commission. The company aims to implement various measures to enhance financial health, including asset restructuring to increase cash flow. HVN has changed status from controlled to restricted trading and recently was removed from alert status. However, its significant stock volume still faces delisting risks due to ongoing losses. In 2023, despite high revenue, the airline reported a loss of 5.632 trillion VND.
Leave a Reply