Searefico Joint Stock Company (SRF) recorded a consolidated after-tax profit of 5.57 billion VND in the first 6 months of 2025, up 76% compared to the self-prepared report. Revenue reached 432.72 billion VND, equivalent to a 10% increase. The company has signed contracts worth up to 1.31 trillion VND that have yet to be executed, facilitating the second half of the year.
However, Searefico is facing the risk of mandatory delisting from HoSE if the audited financial statements for 2025 continue to receive an exception opinion. The cause is that the audit unit could not confirm a receivable of 33.6 billion VND. The company’s leadership is actively resolving outstanding issues, reducing difficult-to-collect receivables from 114 billion VND to 33.6 billion VND.
To enhance risk management, Searefico has set aside 39.9 billion VND for inventory and 55.8 billion VND for bad debts. After many challenges, the company hopes to completely eliminate the exception opinion to maintain its listing on HoSE.
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