KUALA LUMPUR: Inix Technologies Holdings Bhd’s external auditors Messrs UHY have expressed a qualified opinion over the absence of audited financial statements of a newly acquired associate Galactic Maritime (M) Sdn Bhd.
 
In a filing with Bursa Malaysia yesterday, the ACE Market-listed company said the opinion was contained in the independent auditors’ report on the annual audited financial statements for the financial year ended July 31, 2016 (FY16). 
 
“Accordingly, the management’s financial information on Galactic Maritime was used to prepare the group’s consolidated financial statement for FY16. The group recorded a share of profits of associate amounting to RM648,519 during FY16,” Messrs UHY said on the basis for the qualified opinion.
 
Except for the matter on Galactic Maritime, the auditors opined that the financial statement gives a true and fair view of Inix’s financial position as at July 31, 2016. Inix’s net loss widened to RM4.96 million in FY16 from RM47,897 in FY15, while revenue fell RM3.74 million from RM5.23 million.