PETALING JAYA: The external auditor of PLB Engineering Bhd
has flagged a material uncertainty related to the group’s ability to continue as a going concern, considering the net loss incurred and current liabilities having exceeded its assets for the financial year ended Aug 31, 2025 (FY25).
In a filing with Bursa Malaysia yesterday, PLB’s external auditor Messrs Grant Thornton Malaysia PLT (GT) said the company incurred a net loss of RM17.5mil in FY25.
The group’s and company’s current liabilities also exceeded current assets by RM25.9mil and RM71.2mil respectively.
“These aforesaid conditions and other non-financial performances have indicated the existence of material uncertainties which may cast significant doubt on the ability of the group and the company to continue as a going concern,” GT said.
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