Saturday, April 19th, 2025

Alset International Limited Announces Material Differences Between Unaudited and Audited Financial Statements for FY2024

Financial Analysis Report: Alset International Limited
Net Profit Decline: 17,848 (Loss for the year)
Business Description
Alset International Limited is a Singapore-incorporated company with a diverse portfolio of businesses. The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report. However, it is mentioned that the company has subsidiaries and is involved in various financial transactions.
Industry Position and Competitors
The report does not provide information on the company’s position within the industry, its competitors, or its market share.
Revenue Streams and Customer Base
The report does not provide detailed information on the company’s revenue streams, customer base, supply chain, or competitive advantage. However, it is mentioned that the company has various financial transactions, including the acquisition and disposal of subsidiaries.
Financial Statement Analysis
Income Statement
The company’s loss for the year ended December 31, 2024, is $17,848.
The company’s revenue for the year ended December 31, 2024, is $22,428.
The company’s cost of sales for the year ended December 31, 2024, is $22,425.
Balance Sheet
The company’s total assets as of December 31, 2024, are $26,749.
The company’s total liabilities as of December 31, 2024, are $11,095.
Cash Flow Statement
The company’s net cash flows generated from operating activities for the year ended December 31, 2024, is $15,129.
The company’s net cash flows used in investing activities for the year ended December 31, 2024, is $18,820.
Key Facts and Investor Action
The company’s loss for the year ended December 31, 2024, is $17,848.
The company’s financial statements have been restated due to material differences between the unaudited and audited financial statements.
The company has made adjustments to its financial statements, including reclassifications and restatements.
Dividend and Earnings
No dividend is proposed.
Strengths and Risks
The company’s strengths include its ability to generate cash flows from operating activities.
The company’s risks include its significant loss for the year and the need for restatements of its financial statements.
Date of Report and Financial Year
The report is dated April 15, 2025, and relates to the financial year ended December 31, 2024.
Special Activities or Actions
The company has made various adjustments to its financial statements to improve accuracy and transparency.
Recommendation
For current investors: SELL The company’s significant loss for the year and the need for restatements of its financial statements are concerning. Investors may want to consider selling their shares to minimize potential losses.
For potential investors: AVOID The company’s financial performance and the need for restatements of its financial statements may deter potential investors from investing in the company.
Disclaimer: This recommendation is based solely on the information provided in the report and should not be considered as investment advice. Investors should conduct their own research and consult with financial experts before making any investment decisions.

View Alset Historical chart here



UOBAM Ping An ChiNext ETF Annual Financial Report for FY2024

Key Facts: Fund Performance: The UOBAM Ping An ChiNext ETF had a negative performance for the fiscal year ending 30 June 2024. The fund’s NAV fell by 26.90% in SGD terms, compared to the...

AMOS Group Reports Q2 FY2025 Results: Revenue Down 27% Amid Strategic Restructuring

AMOS Group Limited Financial Analysis – Net Loss Increased by 5.8% AMOS Group Limited Financial Analysis – Net Loss Increased by 5.8% Business Description AMOS Group Limited is a Singapore-incorporated company that supplies products,...

CFM Holdings Limited FY2024 Annual Report: Strategic Investments, Profitability Focus, and Investor Recommendations

Key Facts from the Report: Revenue and Profit: Revenue: S$29.6 million, a slight decrease from the previous year’s S$29.7 million due to weakened exports and rising costs in Europe. Gross Profit: Increased by 3.85%...