In other words, we need to dissect the annual numbers, compare them to the Q3 numbers to arrive at the P&L Q4 numbers (the balance sheet for the Q4 is of course the same for the year).
The company did the same the year before, not issue the Q4 financial results, but until 2014 all seems normal:
Other than that, UP has a pretty good track record, Aberdeen is an investor in the company.
Great company like UP focuses on the long run! Kudos!
ReplyDeleteAgree, high efficiency per acre, also they stay very focussed
ReplyDeleteI think even Public Bank does this as do many Thai companies - very irritating if you are an analyst trying to back out the 4Q!
ReplyDeleteI checked PBB, they do 4 quarterlies per year. That companies I dont follow, could very well be true.
DeleteSorry - my mistake! Yes many Thai and Indo companies don't split out 4Q
DeleteFYI: NEW malaysia accounting rule addapt AR PG 175/176
ReplyDeletestatements of the Company and the Group
prior to recommending them for approval
by the Board of directors. The Committee,
in the current year, reviewed only the first
three quarters of the unaudited quarterly
financial results as the fourth quarter
announcement had been dispensed with
as approved by Bursa, the approval is on
the condition that the full financial report
is announced within two months from the
close of the financial year end. The review
was to ensure that the financial reporting
and disclosures are in compliance with:
i. Provisions of the Companies Act, 1965;
ii. Listing Requirements of Bursa Malaysia
Securities Berhad;
iii. Applicable approved accounting
standards in Malaysia; and
iv. Other legal and regulatory requirements.
Thanks! I noted your comment in i3investor
Delete