the profit before tax declined from RM13.89 million for FYE 2012 to RM8.48 million for FYE 2013. This was mainly due to the treatment and recognition of certain variation orders approved by customers in FYE 2012 for projects completed.Looks like adjust those VO, it may be year end adjustment.
Stock: [GADANG]: GADANG HOLDINGS BHD
2013-07-26 09:21 | Report Abuse
the profit before tax declined
from RM13.89 million for FYE 2012 to RM8.48 million for FYE 2013. This was mainly due to the
treatment and recognition of certain variation orders approved by customers in FYE 2012 for projects
completed.Looks like adjust those VO, it may be year end adjustment.