VinFast To Restate Unaudited Financial Statements For Q1 Fiscal 2024; Board Concluded Financial Statements For Year Ended Dec 2023, Quarter Ended March Should No Longer Be Relied Upon
Portfolio Pulse from charles@benzinga.com
VinFast announced it will restate its unaudited financial statements for Q1 Fiscal 2024. The board concluded that the financial statements for the year ended December 2023 and the quarter ended March should no longer be relied upon.
July 29, 2024 | 10:15 am
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VinFast is restating its unaudited financial statements for Q1 Fiscal 2024. The board has determined that the financial statements for the year ended December 2023 and the quarter ended March are unreliable.
Restating financial statements typically indicates errors or issues in the previously reported figures, which can undermine investor confidence and potentially lead to a short-term decline in stock price.
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