Auditors raise doubts on Scomi’s business ability due to ongoing disputes


A Scomi project in India. - Filepic

PETALING JAYA: Scomi Engineering Bhd’s legal disputes with key client Prasarana Malaysia Bhd have raised doubts over the group’s ability to continue as a business, its independent auditors said.

“These events or conditions, along with other matters, indicate that a material uncertainty exists that may cast significant doubt on the ability of the group and of the company to continue as going concerns,” KPMG said.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Scomi group , Prasarana , stocks , shares ,

   

Next In Business News

EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023
PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms

Others Also Read