KUALA LUMPUR (Feb 3): Asdion Bhd’s external auditor has issued an unmodified audit opinion with a material uncertainty related to the group’s ability to operate as a going concern.
CAS Malaysia PLT drew attention to the group’s net loss of RM4.02 million for the financial year ended Sept 30, 2020 (FY20) and its net current liabilities position of RM5.64 million as at the end of FY20.
“The ability of the company to operate as a going concern is dependent on the successful outcome and implementation of the current business plans including the progressive uplifting of restriction on travelling, to generate sufficient cash in the future to fulfil their obligations as and when they fall due,” said the auditor.