In the explanation of the business results for the first 6 months of the year, the company's production and business results for the first 6 months of 2024 were a loss of 99 billion VND, a decrease of 380 billion VND compared to the first 6 months of 2023. The main reason for the unfavorable production situation was due to unusual weather, hot and rainy weather, especially lightning strikes that broke the company's power transmission lines, the production line had to stop suddenly and abnormally, directly affecting the equipment of the production line. The company fixed the problems caused by the power grid, restarted the machine and discovered that there was a leak in the equipment, so it had to stop the machine for a long time to fix it and combine with major maintenance and repair. Therefore, the machine running time was reduced by 45 days compared to the plan, there was no product.

Business suffers losses due to repeated lightning strikes
At the same time, another cause of losses is the high price of input materials, especially coal prices.
The company announced its audited semi-annual financial report for 2024 with unchanged indicators compared to the self-prepared report. Accordingly, semi-annual revenue reached nearly VND 2,000 billion, down 6% over the same period; after-tax loss was VND 99 billion (same period loss was VND 480 billion). The company achieved 42% of its revenue target and is still far from the pre-tax profit target of VND 195 billion approved by the 2024 shareholders' meeting.
At the end of June, DHB's total assets decreased by 8% compared to the beginning of the year, to more than VND6,225 billion. Of which, short-term assets were only about VND963 billion, down 20%, with more than VND252 billion in cash and deposits (-26%); inventory was VND478 billion, down 21%...
Source: https://thanhnien.vn/cong-ty-kinh-doanh-thua-lo-do-set-danh-nhieu-lan-185240808150335645.htm
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