Friday, June 08, 2007

What's Left of Megan?

Yesterday there was this late announcement posted on Bursa Malaysia. Additional Information for Public Release (07/06/07)

Attached is an excel file.

Have a look at their PL.



Ok, let me zap out and erase those adjustments. Why? I Want to see what's left of Megan after erasing out them so-called fictitious amounts.

Have a look.



See Megan would have reported a loss of over 5.8 million.

Their biggest handicap is their financial cost of over 16.724 million!!! Which is way above their operating profits.

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