Oil and gas company had sought an extension until Jan 15, 2024 to release its 2023 annual report.
PETALNG JAYA: Bursa Malaysia Securities Bhd has denied oil and gas services company Serba Dinamik Holdings Bhd’s application for an extension to release its annual report for the financial year ended June 30, 2023 .
The Practice Note 17 status company said it will file an appeal against the rejection with Bursa Securities. “The delay in the issuance of the FY2023 annual report is due to delay in the commencement of the statutory audit as a result of manpower shortages across various administrative departments caused by workforce attrition and financial constraints,” it said in the filing.
For FY2023, Serba Dinamik reported a widened net loss of RM1.3 billion compared to a year ago, while revenue fell by 70% to RM403.23 million from RM1.35 billion previously.
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