KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded UZMA BHD [] following the 60% deviation in the unaudited net loss for the financial year ended Dec 31, 2009 when compared with the audited results.
It said on Wednesday, June 29 Uzman reported an unaudited loss after taxation and minority interest of RM7.45 million in its fourth quarterly report for the financial period ended Dec 31, 2009.
However, the audited report showed net loss was RM11.96million, which was a difference of RM4.50 million between the unaudited results and audited results for FY ended Dec 31, 2009, representing'' a deviation of about 60%.
Bursa Securities also said Uzma had also breached the listing rules in its Feb 25, 2010 announcement in its unaudited results.'' The company had failed to make an additional allowance for doubtful debts of RM1.80 million.
It said Uzma was required to carry out a limited review on its quarterly report submissions.
'The limited review must be performed by Uzma's external auditors for four quarterly reports commencing no later from Uzma's quarterly report for the financial period ended June 30, 2011,' it said.
It also said Uzma had to ensure all its directors and the relevant personnel attend a training programme in relation to compliance with the Main Market Listing Requirements particularly pertaining to financial statements.
It said on Wednesday, June 29 Uzman reported an unaudited loss after taxation and minority interest of RM7.45 million in its fourth quarterly report for the financial period ended Dec 31, 2009.
However, the audited report showed net loss was RM11.96million, which was a difference of RM4.50 million between the unaudited results and audited results for FY ended Dec 31, 2009, representing'' a deviation of about 60%.
Bursa Securities also said Uzma had also breached the listing rules in its Feb 25, 2010 announcement in its unaudited results.'' The company had failed to make an additional allowance for doubtful debts of RM1.80 million.
It said Uzma was required to carry out a limited review on its quarterly report submissions.
'The limited review must be performed by Uzma's external auditors for four quarterly reports commencing no later from Uzma's quarterly report for the financial period ended June 30, 2011,' it said.
It also said Uzma had to ensure all its directors and the relevant personnel attend a training programme in relation to compliance with the Main Market Listing Requirements particularly pertaining to financial statements.
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