Post Reply
1-6 of 6
Electronics manufacturer Huan Hsin Holdings sank deeper into the red in 2012 amid stiff competition and weak demand for personal computers (PCs).
Huan Hsin's net loss almost trebled to S$97.7 million, or 24.4 Singapore cents per share, in the year ended Dec 31, it said on Friday. This included S$42.7 million in impairment charges on the company's operating and available-for-sale assets as a result of the continuing operating losses.
Net asset value per share fell 41.4 per cent to 39.01 Singapore cents.
Revenue dropped 18 per cent to S$519.6 million because of " sustained economic weaknesses in the market, especially in Europe and the United States and the intensified competition in the industry which affected consumers' spending on PC replacement cycle," the company said.
no volume buy up fast ,,,,,,,,,,,,,dumping also fast,,,,,,,,,,,,,becareful,,,,,,,,,,,,,,,,,trap
oh, another one bites the dust... at least there is auditor report to sound warning. Far better than cases like China Milk... *ting* suspended without any warnings.
Deloitte draws attention to Huan Hsin as a going
concern
By ANGELA TAN
Huan Hsin Holdings Ltd said its auditors, Deloitte and Touche LLP, has drawn
attention to the company's financial statement for the year ended December 31,
2009.
The auditors noted the group made a net loss of S$54.83 million and has
breached certain financial covenants on bank loans during the financial year. It
also noted the current liabilities exceeded the current assets.
Deloitte said these conditions may cast 'significant doubt' about the group's
ability to continue as a going concern.
Based on the BT report on the 21st Mar. 2009, this counter could be next victim of the credit crunch.
jensonlaw ( Date: 21-Mar-2009 07:48) Posted:
|
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 - EMPHASIS OF MATTER BY AUDITORS
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_334B8C54C00F85434825757F000E964B/$file/HuanHsin-2009.pdf?openelement
See no evil, speak no evil, hear no evil !