Net Profit Growth/Decline: Not Available
Company Overview
Business Description
Attika Group Ltd. is a company incorporated in the Republic of Singapore. The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report.
Key Facts and Analysis
Report Date and Financial Year
The report is dated 10 April 2025 and is for the financial year ended 31 December 2024.
Material Variances in Financial Statements
The report highlights material variances between the audited financial statements and unaudited financial statements for the financial year ended 31 December 2024.
Variances in Financial Statements
The variances are mainly due to the reclassification of initial public offering fees and payment to related initial public offering related expenses.
Financial Performance Analysis
Consolidated Statement of Cash Flow
The company had a net cash generated from operating activities of S$9,444,000 (audited) versus S$10,861,000 (unaudited), a decrease of S$1,417,000.
The payment to related initial public offering related expenses was S$0 (audited) versus S$1,415,000 (unaudited).
Important Information for Investor Action
Dividend Information
There is no mention of dividend proposals in the report.
Earnings Increase/Decrease
There is no explicit mention of earnings increase or decrease.
Company Strengths, Risks, and Recommendations
Strengths and Risks
The company has reclassified its initial public offering fees and related expenses, which may indicate a need for closer examination of its financial reporting processes.
The company’s financial statements have been reviewed by its sponsor, RHB Bank Berhad.
Industry Position and Competitors
The report does not provide information on the company’s position within the industry, its competitors, or market share.
Revenue Streams, Customer Base, Supply Chain, and Competitive Advantage
The report does not provide detailed information on these aspects.
Recommendations
For Current Investors
Based on the information provided, we recommend holding the stock, as there are no significant red flags or negative trends mentioned. However, investors should monitor the company’s financial reporting processes and ensure that they are transparent and accurate.
For Potential Investors
We recommend caution when considering investing in the company, as the reclassification of financial statement items may indicate a need for closer scrutiny of its financial reporting.
Disclaimer
Our recommendation is based solely on the information provided in the report and should not be considered as investment advice.
Additional Information
Special Activities or Actions
The company is taking steps to improve its financial reporting processes, as evidenced by the reclassification of initial public offering fees and related expenses.
Report Summary
The report provides material variances between the audited financial statements and unaudited financial statements for Attika Group Ltd. for the financial year ended 31 December 2024.
HTML Summary for Easy Read
Company Overview
- Incorporated in the Republic of Singapore
- Company Registration Number: 202432308C
Key Facts
- Report date: 10 April 2025
- Financial year ended: 31 December 2024
- Material variances between audited and unaudited financial statements
Financial Performance
- Net cash generated from operating activities: S\$9,444,000 (audited) versus S\$10,861,000 (unaudited)
- Payment to related initial public offering related expenses: S\$0 (audited) versus S\$1,415,000 (unaudited)
Recommendations
For current investors: Hold
For potential investors: Exercise Caution
This analysis is based solely on the provided report and should not be considered as investment advice.
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