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

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.