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22-01-2024, 10:26 PM
As part of No Signboard’s annual report release on Jan 19, the company’s auditor, PKF-CAP, flagged uncertainty over the company’s ability to continue as a going concern.
The auditor noted that the company posted a net loss of $4.7 million for the financial year ended Sept 30, 2022, with net cash outflow from operating activities of $982,000.
In addition, it noted that the company’s current liabilities exceeded current assets by $6.6 million, while total liabilities exceeded total assets by $7.1 million as at Sept 30, 2022.
More at http://tinyurl.com/377htte9
The auditor noted that the company posted a net loss of $4.7 million for the financial year ended Sept 30, 2022, with net cash outflow from operating activities of $982,000.
In addition, it noted that the company’s current liabilities exceeded current assets by $6.6 million, while total liabilities exceeded total assets by $7.1 million as at Sept 30, 2022.
More at http://tinyurl.com/377htte9
