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Hor Kew Corporation Reports Financial Statement Variances

Story Highlights
  • Hor Kew Corporation reported variances between audited and unaudited financial statements.
  • Key adjustments include reclassification of foreign exchange loss and bank loans.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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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