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Revenues were down 60 percent to VND1.71 trillion, as sales of property and services plunged by half.
The arrest of former chairman Trinh Van Quyet and former deputy chairwoman Huong Tran Kieu Dung in March and April, along with other individuals has hit the company hard.
After failing to organize this year’s annual general meeting due to a lack of quorum, it held two extraordinary general meetings to announce replacements for Quyet and Dung.
Dang Tat Thang, who helped the company set up subsidiary Bamboo Airways, resigned on Friday as the carrier’s chairman and CEO and FLC’s deputy chairman.
