In particular, APH’s consolidated net revenue will be adjusted downward by 7.1%, from 14,000 billion VND to 13,000 billion VND; consolidated after-tax profit of 281 billion VND, a 10.5% decrease from the previously approved figure of 314 billion VND.
Source: APH
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The Board of Directors entrusts the General Director to vigorously promote the direction and effectively implement action plans suitable to the practical conditions, aiming to achieve the adjusted production and business plan targets.
The downward revision of APH’s targets is influenced by its member unit, An Phat Green Plastic Joint Stock Company (HOSE: AAA). Accordingly, AAA will also experience an 8.3% decrease in consolidated net revenue, settling at 11,000 billion VND, while its consolidated after-tax profit will reduce to 314 billion VND, a 16.7% decline.
Despite a very favorable situation in the first six months of 2024, the Group has decided to adjust its business plan. As of the end of this period, APH recorded an after-tax profit of 271 billion VND, just 10 billion VND short of the adjusted plan.
| Financial Statement (FS) performance of APH from 2020 to 2024 6M |
APH will hold an extraordinary general meeting of shareholders in 2024, but the specific time and place have not been announced. Accordingly, September 6, 2024, is set as the ex-rights date, and September 9, 2024, as the record date for shareholder registration. The expected agenda includes changing the company’s business lines, amending and supplementing the charter, and other matters within the competence of the general meeting of shareholders. The adjustment of the business plan just before the extraordinary general meeting suggests that this may be one of the issues to be presented at this meeting.
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