$Parkson Retail (O9E.SG)$ THE independent auditor has again ...
THE independent auditor has again raised concerns about the ability of the department store retailer to operate as a going concern.
The board of Parkson Retail Asia said the independent auditor has, without qualifying its opinion, included an emphasis of matter in its report for the group's financial statements for the year ended Dec 31, 2022.
Independent auditor Foo Kon Tan noted that Parkson Retail Asia's current liabilities exceeded its current assets by $19.8 m as at Dec 31.
The auditor said the same thing the previous year when net profit before tax was -$63 m vs $44.1 m for FY2022. I don't think it will have much effect on the price.
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bullrider_21 OP : I think it will rebound slowly.
102261387 bullrider_21 OP : ya. now correction.
bullrider_21 OP 102261387 : It may be supported around 0.074.
Alan_6168 : Are the prospects promising?
bullrider_21 OP Alan_6168 : Yes. Business at Malaysian malls are improving. So earnings should increase.
Alan_6168 bullrider_21 OP :