<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 15): AHB Holdings Bhd, formerly Artwright Holdings Bhd, will be exiting Practice Note 17 (PN17) status in the coming Monday.</p></div>

<div class=newsTextDataWrapInner><p>According to the premium office furniture maker's filing with Bursa Malaysia today, it will be uplifted from being classified as a PN17 company effective 9 am on April 18, 2016.</p></div>

<div class=newsTextDataWrapInner><p>AHB slipped into PN17 status in October 2014 after its external auditors expressed a disclaimer in the group's audited financial statements for the financial year ended June 30, 2014 (FY14).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The disclaimer was caused by uncertainties on various effects on the financial statements, in the event of deconsolidation of one of its wholly-owned subsidiary which has been wound up.</p></div>

<div class=newsTextDataWrapInner><p>For the third quarter ended Dec 31, 2015 (3QFY16), AHB posted a net profit of RM552,000, an increase of 46.42% from RM377,000 the year before (3QFY15). Revenue rose 12.5% to RM4.5 million, from RM4.01 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares of AHB closed 0.5 sen or 2.5% higher at 20.5 sen today, with 789,300 shares traded, for a market capitalisation of RM32.81 million.</p></div>


KUALA LUMPUR (April 15): AHB Holdings Bhd, formerly Artwright Holdings Bhd, will be exiting Practice Note 17 (PN17) status in the coming Monday.

According to the premium office furniture maker's filing with Bursa Malaysia today, it will be uplifted from being classified as a PN17 compan...

AHB exits PN17 status next Monday

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