Hor Kew Corporation Reports Financial Statement Variances
Hor Kew Corporation Limited (SG:BBP) has reported significant variances between its audited and unaudited financial statements for the fiscal year ending December 31, 2024. Key adjustments include a reclassification of a $139,000 foreign exchange loss and a shift of $951,000 in bank loans from non-current to current borrowings. These changes aim to enhance financial reporting accuracy, potentially affecting stakeholder perceptions and the company's financial strategy. The current market cap is S$33.84M, with a year-to-date price performance of 35.42%.
The latest announcement is out from Hor Kew Corporation Limited ( (SG:BBP) ).
Hor Kew Corporation Limited, a company incorporated in Singapore, has reported material variances between its audited and unaudited financial statements for the fiscal year ending December 31, 2024. The discrepancies primarily involve a reclassification of a $139,000 foreign exchange loss from other income to general and administrative expenses, and a shift of $951,000 in bank loans from non-current to current borrowings. These adjustments highlight the company’s efforts to ensure accurate financial reporting, which may impact stakeholders’ perceptions and the company’s financial strategy.
More about Hor Kew Corporation Limited
YTD Price Performance: 35.42%
Average Trading Volume: 23,190
Technical Sentiment Signal: Sell
Current Market Cap: S$33.84M
Learn more about BBP stock on TipRanks’ Stock Analysis page.
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