Thursday, July 31st, 2025

Beverly JCG Ltd Reports Material Variances in Audited and Unaudited FY2024 Financial Statements

Financial Analysis Report: BEVERLY JCG LTD.

Company Overview
BEVERLY JCG LTD. is a company incorporated in the Republic of Singapore with a listing on the Singapore Exchange Securities Trading Limited (“SGX-ST”). The company operates in an unspecified industry.
Business Description
The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report. However, based on the information provided, it can be inferred that the company operates in Singapore and has subsidiaries in Malaysia.
Industry Position and Competitors
The company’s position within the industry, its competitors, and market share are not explicitly stated in the report.
Revenue Streams, Customer Base, and Supply Chain
The report does not provide information on the company’s revenue streams, customer base, supply chain, and competitive advantage.
Financial Analysis
Date of Report and Financial Year
The report is dated 14 April 2025 and is for the financial year ended 31 December 2024.
Key Facts
The company has a material variance between the audited and unaudited financial statements.
The variance is due to additional provision for impairment loss on amounts due from subsidiaries.
Compelling Reasons for Investor Action
The company has a significant variance in its financial statements, which may indicate a need for further investigation or analysis.
The company’s accumulated losses have increased by $6,995,000, from $(76,604,000) to $(83,599,000).
Dividend and Earnings
No dividend is proposed or mentioned in the report.
Financial Statement Analysis
The company’s financial statements show:
A decrease in trade and other receivables from $204,000 to $60,000.
An increase in accumulated losses from $(76,604,000) to $(83,599,000).
A decrease in non-controlling interests from $(322,000) to $(313,000).
Income Statement
The company’s total loss attributable to equity holders of the company decreased from $(5,552,000) to $(4,922,000).
Balance Sheet
The company’s equity decreased from $183,000 to $92,000.
The company’s accumulated losses increased by $6,995,000.
Cash Flow Statement
No information is provided on the company’s cash flow statement.
Recommendations
Based on the analysis, we recommend that:
Current investors: Exercise caution when holding this stock, as the material variances in the financial statements may indicate underlying issues with the company’s financial reporting or management.
Potential investors: Do not invest in this stock until further information is available on the company’s financial health, operations, and management.
Disclaimer: This recommendation is based solely on the information provided in the report and should not be considered as investment advice.
Special Activity or Action
The company is taking steps to improve its profitability, but none are specifically mentioned in the report.
Key Findings and Risks
The key findings from the financial statement analysis are:
Material variances between the audited and unaudited financial statements.
Increased accumulated losses.
Decrease in trade and other receivables.
The main risks are:
Uncertainty in the company’s financial reporting.
Potential issues with management or internal controls.
Conclusion
In conclusion, investors should exercise caution when dealing with BEVERLY JCG LTD. due to the material variances in its financial statements and the increase in accumulated losses.
Recommendations for Investors
If you are currently holding this stock, it may be wise to:
Monitor the company’s financial performance closely.
Wait for further clarification or updates on its financial statements.
If you are not currently holding this stock, it may be best to:
Avoid investing until further information is available.
Consider other investment opportunities with more transparent and stable financial performance.
Disclaimer: This analysis is based solely on the provided report and should not be considered as investment advice.

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