China Fibretech expects to report a loss before taxation for 4Q, compared to a profit before taxation for the year-earlier period.
The loss was mainly due to the provision of doubtful debts amounting to RMB4.48 million yuan ($960,260) recorded in the quarter for trade receivables from three claimants over the claims by customers.
It has sought approval for an extension of time up to March 31, 2016, to announce its financial results, due to unresolved audit findings raised by the external auditors, RT LLP.
The company says it is itrying to resolve the matters with the external auditors.
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The loss was mainly due to the provision of doubtful debts amounting to RMB4.48 million yuan ($960,260) recorded in the quarter for trade receivables from three claimants over the claims by customers.
It has sought approval for an extension of time up to March 31, 2016, to announce its financial results, due to unresolved audit findings raised by the external auditors, RT LLP.
The company says it is itrying to resolve the matters with the external auditors.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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