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United Plantations: annual report but no Q4? - M.A. Wind

Tan KW
Publish date: Mon, 06 Mar 2017, 05:39 PM
Tan KW
0 457,847
Good.

Monday, 6 March 2017 

 
One observer drew my attention to United Plantations, they issued their annual 2016 report already (kudos for that), but strangely enough not their Q4 results.

In other words, we need to dissect the annual numbers, compare them to the Q3 numbers to arrive at the P&L Q4 numbers (the balance sheet for the Q4 is of course the same for the year).

The company did the same the year before, not issue the Q4 financial results, but until 2014 all seems normal:


 
 
Highly unusual, I cannot recall ever having seen this before, every company that I have checked issues four quarterly financial results per year. No action was taken in 2016 by the regulators, so I assume all is in order.

Other than that, UP has a pretty good track record, Aberdeen is an investor in the company.

 

http://cgmalaysia.blogspot.my/2017/03/united-plantations-anual-report-but-no.html

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股海無涯

FYI: NEW malaysia accounting rule addapt AR PG 175/176
statements of the Company and the Group
prior to recommending them for approval
by the Board of directors. The Committee,
in the current year, reviewed only the first
three quarters of the unaudited quarterly
financial results as the fourth quarter
announcement had been dispensed with
as approved by Bursa, the approval is on
the condition that the full financial report
is announced within two months from the
close of the financial year end. The review
was to ensure that the financial reporting
and disclosures are in compliance with:
i. Provisions of the Companies Act, 1965;
ii. Listing Requirements of Bursa Malaysia
Securities Berhad;
iii. Applicable approved accounting
standards in Malaysia; and
iv. Other legal and regulatory requirements.

2017-03-07 01:53

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