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NewsAstral says 154% deviation in FY13 results
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Astral says 154% deviation in FY13 results
by Cals Wed 04 Jun 2014, 02:54
| Astral says 154% deviation in FY13 results |
| Business & Markets 2014 |
| Written by Ho Wah Foon of theedgemalaysia.com |
| Tuesday, 03 June 2014 09:56 KUALA LUMPUR: Astral Supreme Bhd informed Bursa Malaysia that there is a deviation of 154% between its net loss stated in the unaudited results for its fourth quarter ended Dec 31, 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 fourth quarter results ended Dec 31, 2013 announced on Feb 28, 2014, and audited financial statements for the financial year ended Dec 31, 2013,” the company said in its filing with the stock exchange yesterday. 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 Dec 31, 2013 totalled RM10.081 million. “The major causes of the variances between the announced unaudited results and the audited results are 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 other items by the external auditor,” the company said. This article first appeared in The Edge Financial Daily, on June 03, 2014. |
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