The Business Times
business-time-50
SUBSCRIBERS

Auditor raises issue on Blumont's ability to continue as a going concern

google-preferred-sourceAdd BT as a preferred source
Mindy Tan

Mindy Tan

Published Fri, Apr 17, 2015 · 09:50 PM

Singapore

BLUMONT Group's independent auditor, Moore Stephens, has drawn attention to an issue that may have significant bearing on the group's ability to continue as a going concern.

In an "emphasis of matter" on the financial statements of the group for the financial year ended December 2014, the auditor said that the group had incurred a net loss of approximately S$66.2 million and a total comprehensive loss of approximately S$68.8 million.

blumont group

TRENDING NOW

MAS says it expects financial adviser representatives to "act honestly and in the interests of customers when providing financial advice".

‘Capital guaranteed’ label for investment-linked policies misleading: MAS, Life Insurance Association

Cassandra Loh aims to continue building "services around the real needs of patients and families".

Thomson Medical Group names Cassandra Loh as acting CEO for its Singapore operations

Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

‘Singapore cannot afford to keep losing clients to Dubai and Hong Kong’: Industry says faster onboarding vital for wealth hub edge

When Singapore tightens its building codes or introduces new heat-mitigation standards for migrant workers, it also fosters the development of high-value IP.

Singapore is showing why cooling is the next investment asset

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More