Inch Kenneth Kajang Rubber 10% Variation (8856D)

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RNS Number : 8856D

Inch Kenneth Kajang Rubber

02 May 2017

Inch Kenneth Kajang Rubber Public Limited Company

(UK Registration No. SC007574/ Malaysian Company No: 990261-M)

(Incorporated in Scotland under the Companies (Consolidation) Act, 1908 and

registered in Malaysia as a foreign company under the Companies Ordinances, 1940 to 1946)

Pursuant to Paragraph 9.19 (35) of the Listing Requirements, the Board of Directors of Inch Kenneth Kajang Rubber Public Limited Company wishes to inform that there was a variation of more than 10% between the audited results for the financial year ended 31 December 2016 and the unaudited results previously announced on 28 February 2017, whereby the loss after tax in the audited account now stated at RM3.741 million as compared to loss after tax of RM3.056 million reported earlier.

Details of the variance are as shown in the table.

The variance was due to the following adjustments:

 
                                         RM'000    RM'000 
 
 Net loss after taxation as announced 
  on 28 February 2017                             (3,056) 
 
 Less: 
 
 Adjustments to cost of sales 
  and foreign exchange exposure 
  due to different cut off between 
  two subsidiaries                        (515) 
 
 Understated operating expenses           (170) 
                                                    (685) 
 
 Net loss after taxation as per 
  audited accounts                                (3,741) 
                                                 -------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 02, 2017 12:30 ET (16:30 GMT)