Sapura Energy's Auditor Flags Material Uncertainty Over Group's Ability to Continue as Going Concern
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2023-06-15 01:31
Sapura Energy's Auditor Flags Material Uncertainty Over Group's Ability to Continue as Going Concern
KUALA LUMPUR (June 14): Sapura Energy Bhd's external auditor Ernst & Young PLT has expressed its unqualified opinion with material uncertainty relating to the group's going concern, in respect of the financial statements for the year ended Jan 31, 2023 (FY2023). An extract of the auditor's report, filed with Bursa Malaysia by Sapura Energy, noted that the group and the company posted a net loss of RM3.16 billion and RM3.67 billion respectively for FY2023, and that their current liabilities exceeded their current assets by RM12.

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