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Yes of the impairment, not nice in PnL...but it was add back in cashflow...if look over the balance sheet and cash flow statement ...it's money and equity is increasing, borrowing is reducing and continuing on Capex...
If add back the 14m (impairment and remeasurement loss on functional currency), the profit should be 22m. Just roughly add it. This qtr performance just maintain same as previous qtr.
If review of its Balance sheet, it's equity is rising 11%.
ya, usd was weaker during last yr end, hence got 4m++ forex loss in the report. But usd is getting stronger these 2 mths, expected tguan will have forex gain in the coming quarter.
Its FY23 core net profit of RM83.7m (after excluding RM10m impairment loss on receivables and RM2.8m unrealised forex loss) met expectations. The company ended the year with strong net cash position of RM98m, up from RM47m a year ago.
Normally in Q4, those non collective back, it will need to declare of impairment loss, because is audit requirement for preparing the AR.. It would be reversal impairment happen, if possible .
