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
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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.
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