Manufacturing company Scintronix questioned for financial discrepancies

Inconsistencies between the company’s announced and audited financial results got SGX looking for explanations.

SGX refers to the preliminary results announced on 29 August 2011 and the audited accounts in the annual report which was also announced on 14 October 2011.

There were material discrepancies between the results for the profit and loss statement, balance sheet, and cash flow statement.

The company defended itself by presenting a comparison between the results and saying that there really are differences between the unaudited results and the audited financial statements despatched to shareholders with the Annual Report of the company.

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