OTHERS Konsortium Transnasional Berhad ("KTB" or the "Company") - Variance of unaudited results as announced on 28 February 2020 and the Audited Financial Statements for the financial year ended 31 December 2019
KONSORTIUM TRANSNASIONAL BERHAD |
Type | Announcement | |||||||||||||
Subject | OTHERS |
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Description | Konsortium Transnasional Berhad ("KTB" or the "Company") - Variance of unaudited results as announced on 28 February 2020 and the Audited Financial Statements for the financial year ended 31 December 2019 |
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Pursuant to paragraph 9.19(35) of Chapter 9 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KTB wishes to announce that the Group's Audited Financial Statements for the financial year ended 31 December 2019 recorded a Loss After Tax of RM90.5 million as compared to the Group's Unaudited Results of a Loss After Tax of RM34.2 million as announced on 28 February 2020. This give rise to a deviation of more than 10% as detailed below:
The deviation is mainly due to the impact of Covid-19 which has resulted the Company to recognise additional impairment on goodwill and receivables and recognition of deferred tax assets to current year statement of profit and loss. The reconciliation of the variance is set out below:-
This announcement is dated 14 July 2020. |
Announcement Info
Company Name | KONSORTIUM TRANSNASIONAL BERHAD |
Stock Name | KTB |
Date Announced | 14 Jul 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-13072020-00040 |