Caothuthuy

SMC top 10 heavy losses after first half 2023

Short
HOSE:SMC   SMC INVESTMENT TRADING JOINT STOCK COMPANY
SMC Steel
suffered a net loss of 371 billion dong,
in the context that consumption was still weak
and steel prices dropped ten times in the second quarter.
This result makes SMC's target of profit of 150 billion dong in 2023 difficult.

- khoan phai thu / khach ko tra dc.

🔴Trading SMC
has just reported a loss of more than 400 billion dong
in the second quarter of 2023,
🥲mainly due to
🥲a sharp increase
🥲in provisioning
🥲for bad debts
of many real estate businesses
in the Novaland Group ecosystem
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