Jiutian Chemical Loss Widens By 97,000 Yuan After Audit Changes
Jiutian Chemical reported a full-year loss of 147.9 million yuan for fiscal year 2024, 97,000 yuan more than previously stated, after audit adjustments, according to a Monday filing on the Singapore Exchange. Revenue was restated to 50.6 million yuan from 243.8 million yuan after reclassifying certain trades as agency transactions. Cost of sales dropped in line, leaving gross profit unchanged. Finance costs rose to 6.1 million yuan after correcting the capitalization of borrowing costs. Other changes included asset reclassifications, tax provisions, and the reversal of excess impairment losses.
Jiutian Chemical reported a full-year loss of 147.9 million yuan for fiscal year 2024, 97,000 yuan more than previously stated, after audit adjustments, according to a Monday filing on the Singapore Exchange.
Revenue was restated to 50.6 million yuan from 243.8 million yuan after reclassifying certain trades as agency transactions. Cost of sales dropped in line, leaving gross profit unchanged.
Finance costs rose to 6.1 million yuan after correcting the capitalization of borrowing costs. Other changes included asset reclassifications, tax provisions, and the reversal of excess impairment losses.
