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Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its audited financial report for the first half of 2024, showcasing significant growth in revenue and profitability compared to the same period in 2023.

In the first half of 2024, the Vietnam Enterprise Investment and Development Joint-Stock Company (HNX: FID) reported a net loss of VND 2.5 billion, a significant decline compared to the same period in 2023, when it posted a loss of nearly VND 1 billion. This deterioration in performance was set against a backdrop of substantially declining revenue.

The province of Dong Nai is witnessing a flurry of construction and development with numerous projects in the pipeline. With ongoing land compensation and clearance procedures, coupled with land price determination processes, the current land price schedule will remain in effect until the end of 2024.

After a review, HoSE-listed Truong Thanh Wood Industry Corporation (TTF) reported a net loss of VND5.5 billion in the first half of 2024, a turnaround from its previously stated unaudited profit of VND4.5 billion. Despite this loss, the company's performance represents a significant improvement compared to the corresponding period in 2023, when it recorded a net loss of over VND36 billion.

Despite a 23% decline in net revenue for the first half of 2024, Total JSC Investment Development Construction (HOSE: DIG) impressively maintained a modest 5% decrease in net profit compared to their self-prepared financial statements.

After a thorough review, many listed companies have seen their profits fluctuate compared to their self-prepared reports. In some cases, auditing firms have even refused to provide opinions or have raised concerns about the business operations and projects of these enterprises.

The Ministry of Finance has proposed a significant increase in penalties for violations in independent auditing, with a maximum fine of 3 billion VND for organizations and 1.5 billion VND for individuals. This proposal has sparked concerns among businesses about its potential impact on the psychology of auditors. Experts argue that harsh penalties are necessary due to the severe consequences of audit violations.

The audited semi-annual financial statements for 2024 revealed a 10% decrease in pre-tax profits for An Binh Joint Stock Commercial Bank (ABBank, UPCoM: ABB), amounting to approximately VND 524 billion. This revision is attributed to the auditors' allocation of additional operating expenses, demonstrating their meticulous approach to financial reporting.

Following the review, Saigon Telecommunication Technology Joint Stock Company (HOSE: SGT) recorded a semi-annual net profit of nearly VND 15.5 billion, a 25% decrease compared to the pre-reviewed report. The Company attributed this decline primarily to increased provisions for investment reserves as per regulations.

At the reviewed consolidated financial statements for the first half of 2024, VEAM was subject to exceptions and notes by the auditing firm on a range of issues.