While the company has met certain conditions to exit the watchlist, including achieving an average daily market capitalisation of $40 million or more over the last six months, its auditors, Foo Kon Tan has stated that the company has a “material uncertainty that may cast significant doubt about the [company’s] ability to continue as a going concern”.
For the FY2022 ended Dec 31, 2022, Parkson Retail Asia reported net cash generated from its operating activities of $99.5 million. The company’s net cash generated from its operating activities stood at $22.5 million as at the 1HFY2023 ended June 30.
Its consolidated profit before tax from continuing operations for FY2022 stood at $41.9 million while its consolidated profit before tax from continuing operations for 1HFY2023 stood at $24.6 million.
