ASL Marine's independent auditor flags 'going concern' doubts
The group incurred a net loss of about S$145.9m, with current liabilities exceeding current assets by S$20.8m for the year ended June 30
Add BT as a preferred source
Singapore
ASL Marine Holdings' independent auditor has raised a "material uncertainty" about the group's ability to continue as a going concern, the marine and investment holding company announced on Friday.
Auditor Ernst & Young (EY) highlighted that for the year ended June 30, 2019, the group incurred a net loss of S$145.9 million, with its current liabilities exceeding current assets by S$20.8 million.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million
