Friday 29 Mar 2024
By
main news image

SINGAPORE (Oct 14): Capital World, the property developer formerly known as Terratech Group, says it believes it is able to continue as a going concern, despite a disclaimer opinion by the company’s independent auditors Messrs Ernst & Young LLP in the group’s FY19 financial statements.

Going concern is an accounting term for a company that has the resources needed to remain in business for the foreseeable future.

For the FY19 ended June, Capital World sank to a net loss of RM46.8 million (S$15.3 million), reversing into the red from earnings of...(click on link for full story on theedgesingapore.com)

      Print
      Text Size
      Share