TDH: Thuduc House (stock code: TDH) has just announced its audited consolidated financial statements for 2024, recording a net loss of nearly 305 billion VND, increasing by nearly 17 billion compared to prior to the audit. This marks its second heaviest loss year after a loss of 890 billion VND in 2021. As of the end of 2024, TDH’s accumulated losses exceeded 1,056 billion VND, depleting its equity down to over 70 billion VND, compared to 376 billion VND at the beginning of the year. The audit also mentioned material uncertainties regarding the company’s ability to continue operations. Meanwhile, TDH has experienced significant leadership changes, appointing Trần Thành Vinh as Chairman after a series of leadership issues due to legal troubles. TDH aims to develop strategies for profitability in 2025.
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