AEM Holdings will adjust its inventory value and profit before tax in its results for Q4 2023
Semiconductor equipment maker AEM Holdings will adjust its inventory value and profit before tax in its results for the fourth quarter of 2023 after finding a shortfall in the group’s inventories, following an internal stocktaking exercise. The group has “found no evidence of fraud, illegal activity or physical loss of inventory”, and the shortfall is attributed to human error in transactions with the group’s enterprise resource planning system, it said on Jan 22. Excess inventory and profits are estimated at between S$18 million and S$25 million.
—
Join our community groups now!
https://onelink.to/7t4ntw
The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.
This programme is brought to you by PYTCH — Reimagining finance
Discover financial literacy through insightful content and engaging interviews, mastering the art of understanding money.
Connect with PYTCH Media:
YouTube: https://tinyurl.com/PYTCHMediaYouTube
Facebook: https://tinyurl.com/PYTCHMediaFacebook
Instagram: https://tinyurl.com/PYTCHMediaInstagram
LinkedIn: https://tinyurl.com/PYTCHMediaLinkedIn
Website: https://tinyurl.com/PYTCHMediaWebsite
Also available on:
Telegram: https://t.me/GlobalInvestmentsPhillip
Podcast: https://tinyurl.com/YTanchor
PhillipCapital Facebook: https://tinyurl.com/PhillipCaptialFBYT
#PYTCH #PYTCHMedia #PhillipCapital #YourPartnerinFinance #Servingyousince1975 #DailyMorningNote #DMN #DailyNews #FinanceNews #AEMHoldings #SinoGrandnessFoodIndustry #IREITGlobal #Savills #FrasersCentrepointTrust #SingaporeStocks #WallStreet #Oil #Bitcoin #ZeeEntertainment #SonyGroup #Apple