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YuuZoo cuts FY16 profit by 60% after audit's delayed completion

It now posts S$14m profit, down from earlier report of a S$34.6m profit; it is also reporting S$5m loss in 2015


YUUZOO Corp is cutting its reported 2016 net profit by 60 per cent and posting a loss for 2015 after the delayed completion of its annual audit.

The social commerce company, however, has received an opinion from auditor RT that the audited numbers are properly drawn up,...

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