MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: HY24 Directors' Report and Financial Statements, page-8

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    Auditor's note on Page 39:

    Material Uncertainty Related to Going Concern

    We draw attention to Note 3 and Note 22 in the half-year financial report, which indicate that the Group recorded a profit of $14,676,386. This profit is derived from $50,505,882 gain resulting from the deconsolidation of a subsidiary. Additionally, the Group experienced negative operating cash flows of $19,008,562 during the half-year ended 31 December 2023. As stated in Note 3, these events or conditions, along with other matters as set forth in Note 3, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our conclusion is not modified concerning this matter.
    Last edited by Cosmoterios: 15/03/24
 
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