Auditor raises issue on Blumont's ability to continue as a going concern
Add BT as a preferred source
Mindy Tan
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.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
