5 Interactive Distance Learning Programs on Islamic Banking and Finance

Friday, February 27, 2009

Syarikat Takaful, Jaycorp reprimanded

BURSA Malaysia Securities Bhd yesterday publicly reprimanded two public listed companies for a deviation of more than 10 per cent between their unaudited and audited results for the fourth quarter.

Insurer Syarikat Takaful Malaysia Bhd reported an 18.2 per cent higher profit after tax and minority interest compared with its unaudited results for the quarter ended June 30 2008, while furniture- based Jaycorp Bhd announced a 37.9 per cent drop in audited profit compared to the unaudited numbers.

The exchange said both companies must carry out a limited review on their quarterly report submission. This must be performed by the companies’ external auditors for four quarterly reports.

Business Times

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