KUALA LUMPUR (Aug 1): Scomi Group Bhd shares fell 9.52% in active trade this morning after its independent auditors highlighted a material uncertainty related to the going concern of the group, in an emphasis of a matter paragraph of the audit report for the group's financial year ended March 31, 2018 (FY18).

At 9.05am, Scomi fell 1 sen to 9.5 sen with 4.70 million shares done.

In the paragraph, the auditors at KPMG PLT noted Scomi Group, alongside its subsidiaries, have incurred net losses of about RM332.1 million for FY18, while its net current assets stood at RM80 million. Also highlighted were several project disputes and problems faced by the group — among which is its ongoing legal battle with Prasarana Malaysia Bhd over the RM494 million monorail expansion project.