YuuZoo cuts FY16 profit by 60% after audit's delayed completion
It now posts S$14m profit, down from earlier report of a S$34.6m profit; it is also reporting S$5m loss in 2015
Singapore
YUUZOO Corp is cutting its reported 2016 net profit by 60 per cent and posting a loss for 2015 after the delayed completion of its annual audit.
The social commerce company, however, has received an opinion from auditor RT that the audited numbers are properly drawn up, true and fair, according to its annual report published on Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance