KUALA LUMPUR: Messrs CroweHorwath, external auditors to data storage company Fotronics Corp Bhd, has expressed doubt over the recoverability of trade receivables totalling RM12.7mil due to the company, and are unable to ascertain the salvage value of machinery with a carrying value of RM1.9mil.
In an announcement to Bursa Malaysia on Thursday, CroweHorwath expressed qualified opinion on the current financial state of the company in the auditors’ report for the audited financial statement for the financial year ended March 31, 2010.