STK: Correction of Explanation on Profit Variance Before and After Audit

Soi Century Joint Stock Company (STK) announced the correction of the explanation regarding the profit variance before and after the financial audit for the year 2022. Initially, the profit before the audit was 150 billion VND, but after auditing, this figure was adjusted down to 120 billion VND. The reason for this discrepancy was attributed to adjustments in depreciation expenses and provisions for financial risks that were not accurately calculated earlier. STK commits to being more transparent in its financial reports going forward and continuously improving its financial control and management processes to prevent similar situations from occurring in the future.

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