tag:blogger.com,1999:blog-935072059836759128.post8754630376185595545..comments2008-06-23T17:23:28.679+08:00Senghttp://www.blogger.com/profile/08265958046623158053noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-935072059836759128.post-117883956593294592008-06-23T12:10:00.000+08:002008-06-23T12:10:00.000+08:00This kind of misleading reporting seems to be happening everywhere.<BR/><BR/>Proton announced $202 million profit, but if you remove 1 off Govt Grant of $192 milion and deferred tax, they just about broke even i.e. Zero profit.<BR/><BR/>There was a time when accounting standards required companies to distinguish between Operating Profit Before Tax and Exceptional/ 1 Off Profit items such as sale of company assets etc.<BR/><BR/>I don't know why the KLSE & SC do not insist anymore on these Plcs announcing results that show ordinary maintainable profits instead of lumping it with exceptional and extra-ordinary gains and deferred tax write-backs.<BR/><BR/>Whatever spin you want to put on it, the Management of these Plcs are out to obfuscate and mislead the investing public!!donplaypuks®http://www.blogger.com/profile/14885751307558636916noreply@blogger.comtag:blogger.com,1999:blog-935072059836759128.post-11230436103744872652008-05-30T22:47:00.000+08:002008-05-30T22:47:00.000+08:00lol, good and fair comments... yes, the edge articles standard has been dropping... as I have highlighted the nonsensical rumour-mongering on no basis...Salvatore_Dalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.com