AsemconnectVietnam - With only 4 days left until the end of the year 2023, Licogi 14 Joint Stock Company (code L14 - HNX) suddenly adjusted its revenue and profit plan for 2023 by 20%.

On December 27, 2023, when preparing to end the 2023 fiscal year, Licogi 14 Company suddenly announced an adjustment to its 2023 business plan when reducing revenue by 20% compared to the plan at the beginning of the year, equivalent to a decrease of VND39 billion, about VND156 billion (plan at the beginning of the year is VND195 billion) and profit after tax decreased by 20% compared to the plan at the beginning of the year, corresponding to a decrease of VND5 billion, about VND20 billion (plan at the beginning of the year was VND25 billion).
The reason for the reduction in both revenue and profit was not given by Licogi 14 Company.
In addition, regarding the financial investment plan, the Company said that it will continue to implement the approved investment plan for early 2023. In particular, if the stock market has a good time and opportunity, you can consider using a reasonable portion of capital for short-term investment to bring economic efficiency to the Company.
Previously, in the first 9 months of 2023, Licogi 14 Company recorded revenue of VND67.12 billion, down 48% over the same period and profit after tax recorded VND15.61 billion compared to the same period of loss VND15.6 billion.
Thus, after the first 9 months of 2023 with a profit of VND15.61 billion, Licogi 14 Company only completed 62.4% of the profit plan of VND25 billion, but completed 78.1% of the plan after the adjustment (profit of VND20 billion).
N.Nga
Source: VITIC/Tinnhanhchungkhoan