Phuc Thinh reports progress in addressing negative retained earnings

Phuc Thinh Design Construction Trading Corporation announced its Q3 2025 progress in resolving negative retained earnings, a condition that led to its shares being placed on a warning list by the Hanoi Stock Exchange on March 27, 2025. The company’s retained earnings were negative as of December 31, 2024.

Key remedial actions include initiating litigation and negotiations to reverse a provision for doubtful debts amounting to VND 42,197,059,866 with Khai Hoan International Joint Stock Company. PTD has engaged in two meetings and is in discussions to finalize an agreement, signaling a higher likelihood of reversing the provision.

Additionally, PTD secured new construction contracts in Q3 2025 with Cu Thanh Co., Ltd., including renovation contracts dated July 31, 2025, and September 15, 2025, totaling VND 3,346,920,000. These measures have enabled PTD to offset 1% of its accumulated losses by Q3 2025.