“We draw attention to Note 3.1 of the financial statements which indicates that the Group and the Company incurred net losses of RM180.1 million and RM7.0 million respectively during the financial year ended 31 December 2019 and, as of that date, the Group’s current liabilities exceeded its current assets by RM13.2 million. As disclosed in that Note, the impact of Covid-19 to the industry and the decline in oil prices have affected the ability of the Group and the Company to generate positive internal cash flows. These factors indicate the existence of a material uncertainty which may cast significant doubt about the Group and the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.”
Price of Brent has doubled up since early this year right?
Ehhh...wasn't that situation obvious to everyone a long time ago ? Those who still fancy this company is playing with fire and deserved to be burned.....
PN17 come n go..theres always a way out..hope not...but NTA 61cent with latest QR making profit..golden cross at 0.12-0.13cent.....Let wake this problemo sleeping dragon up
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ThegreedZ
737 posts
Posted by ThegreedZ > 2020-07-16 10:41 | Report Abuse
nightmare