No Signboard replies to SGX queries on its restated earnings
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SEAFOOD restaurant operator No Signboard Holdings on Wednesday responded to queries from the Singapore Exchange on the rationale behind the significant restatement in its financial numbers after the adoption of actual group accounting principles for its first-quarter 2018 results.
Earlier in February, the group reported a net loss for the fiscal first quarter ended Dec 31, 2017, significantly worse than the S$1.4 million net profit it had initially reported under the old accounting rules.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
