SIMCO Song Da corrects Q2 2024 financial figures

SIMCO Song Da JSC published a correction to its Q2 2024 financial report, initially released on August 15, 2024. The correction, announced on August 25, 2025, primarily impacts the balance sheet and income statement for the period ending June 30, 2024, when compared to the 2024 Reviewed Semi-Annual Financial Statements.

On the balance sheet, total short-term assets for Q2 2024 were corrected from VND 88,331,402,502 to VND 77,428,597,057. This significant adjustment includes changes to short-term receivables, revised from VND 78,917,195,846 to VND 68,014,390,401. Long-term assets also saw adjustments, with fixed assets corrected from VND 17,706,623,096 to VND 12,833,356,666. Consequently, total assets were revised from VND 256,149,807,440 to VND 245,247,001,995.

The corrections also affected the income statement, with the net profit from business activities changing from VND 4,363,701,077 to VND (11,154,689,849) for the period from January 1, 2024, to June 30, 2024. Owner’s equity was adjusted from VND 190,885,827,355 to VND 179,962,170,710. These changes highlight a substantial revision in the company's financial health as reported for the second quarter of 2024.