Ninh Vân Bay Tourism Real Estate Joint Stock Company (Ticker: NVT) submitted a report to the State Securities Commission and Ho Chi Minh City Stock Exchange outlining measures to address its stock warning status. In its consolidated financial report for 2024, the company recorded a net loss of 9.7 billion VND due to one subsidiary’s unexpected expenses. However, total revenue rose to 411 billion VND, an 8.9% increase from 2023, attributed to leveraging tourism products and expanding international markets. The company invested in marketing to improve brand visibility and enhance service quality at its resorts. NVT shares remain on the warning list due to an accumulated net loss of nearly 719.1 billion VND as of June 30, 2024. The company will hold its 2025 Annual General Meeting on April 18, 2025, to present activity reports and elect a new Board of Directors.
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