Back 14 Apr 2025

GCCP Resources Receives Auditor's Disclaimer of Opinion on FY2024 Financial Statements​

Link: https://links.sgx.com/1.0.0/corporate-announcements/0CQ3Q7GQWYOJS0AB/9351dc3978499b7cee045443fcf84bd9c51263ee82ca04d028c8101f367a1de6

Summary: GCCP Resources Limited's independent auditor, Baker Tilly TFW LLP, issued a disclaimer of opinion on the company's FY2024 financial statements. The disclaimer was due to significant uncertainties regarding the Group's ability to continue as a going concern, as current liabilities exceeded current assets by RM11.4 million. Despite this, the Board believes the Group can meet its obligations through expected revenue from marble sales, continued support from stakeholders, and cost management measures.