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Astral Supreme: FY2013 loss should be 154% more

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Astral Supreme: FY2013 loss should be 154% more Empty Astral Supreme: FY2013 loss should be 154% more

Post by Cals Tue 03 Jun 2014, 00:01

Astral Supreme: FY2013 loss should be 154% more
Business & Markets 2014
Written by Ho Wah Foon of theedgemalaysia.com   
Monday, 02 June 2014 18:46

KUALA LUMPUR (June 2): Astral Supreme Berhad informed the stock exchange that there is a deviation of 154% between its net loss stated in the unaudited 4th quarter results ended 31 December, 2013 and its audited financial statement.

“The board wishes to inform that there is a deviation of about 154% between the group's loss after tax and minority interest as stated in the unaudited 4th quarter results ended 31 December, 2013 announced on 28 February 2014, and audited financial statements for the financial year ended 31 December 2013,” the company said in its filing with Bursa Malaysia.

The audited accounts show that the net loss for 2013 totalled RM25.484 million. On Feb 28, the company announced that its net loss for the year ended 31 December, 2013 totalled RM10.081 million.

“The major causes of the variances between the announced unaudited results and the audited results are due to the adjustments made on the exceptional items of possible irregularities pursuant to the Investigative Audit conducted by PKF Advisory Sdn Bhd, adjustments and reclassification of cost of sales and others items by External Auditor,” added the company.
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