HVN - top 10 reporting losses after the first half of 2023
The "team" with the biggest loss on the floor is called Vietnam Airlines Corporation (Vietnam Airlines – HoSE: HVN).In the second quarter of 2023, Vietnam Airlines recorded a 12% increase in revenue compared to the same period in 2022, but still reported a loss of 1,295 billion dong In the first 6 months of the year, this airline had a net loss of nearly 1,466 billion dong.
Vietnam Airlines explained that due to seasonality as well as financial risk factors (exchange rates, interest rates) and input costs such as rising fuel prices, etc., the corporation has not yet made a profit. In addition, the second quarter was the lowest quarter in production and business activities, so the results were not as positive as the first quarter.
Besides, transportation business has not been able to balance revenue and expenditure because the international market has not fully recovered, especially key markets such as China, Japan...
Currently, Vietnam Airlines is on the verge of delisting more than 2.2 billion HVN shares on HoSE. However, up to now, the enterprise has delayed the publication of its audited financial statements for 2022 and has not held the annual General Meeting of Shareholders even though it is
Vietnam Airlines explained that due to seasonality as well as financial risk factors (exchange rates, interest rates) and input costs such as rising fuel prices, etc., the corporation has not yet made a profit. In addition, the second quarter was the lowest quarter in production and business activities, so the results were not as positive as the first quarter.
Besides, transportation business has not been able to balance revenue and expenditure because the international market has not fully recovered, especially key markets such as China, Japan...
Currently, Vietnam Airlines is on the verge of delisting more than 2.2 billion HVN shares on HoSE. However, up to now, the enterprise has delayed the publication of its audited financial statements for 2022 and has not held the annual General Meeting of Shareholders even though it is
