Vietravel was fined because author did not meet deadline with many documents

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Vietravel was fined by the State Securities Commission of Vietnam 60 million dong.

On April 26, 2021, the State Securities Commission’s Inspectorate (SSC) issued a decision on sanctioning of administrative violations in the field of securities and securities market for Vietnam Tourism and Transportation Marketing – Vietravel (UPCoM: VTR).

This company was fined 60 million VND for improperly publishing information on the SSC system for many documents including explaining the reasons for after-tax profit in the consolidated financial statements of 2019. Audited and reviewed 2019 consolidated semi-annual financial statements changed from 10% or more compared to the same period last year, explaining the reason for the 5% difference in profit after tax before and after review in the newspaper Audited Consolidated Financial Statement 2019.

In 2020, Vietravel reached 1,936 billion VND in net revenue, down 73% compared to 2019. The company reported a loss of 86 billion VND while in 2019 it made a profit of 40 billion VND.

Source: ndh.vn – Translated by fintel.vn