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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

The auditor, Ernst & Young, said the industry in which the group operates is still weak in terms of volume and margins, with poor demand for various classes of vessels in the chartering fleet.


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...

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