SDA 0.00% 79.0¢ speedcast international limited

Material uncertainty related to going concern We draw attention...

  1. Mkr
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    Material uncertainty related to going concern
    We draw attention to Note 1 in the financial report, which indicates that the Group incurred a net loss before tax of $180.3m for the six month period ended 30 June 2019 and operating cash outflows for the same period of $6.8m. As at that date, the Group’s borrowings were $654.6m. The Group's ability to continue as a going concern is dependent on the Group having a continued appropriate level of funding from its existing lenders and creditors and/or other sources for at least the next twelve months from the date of this report. These conditions indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter
 
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Currently unlisted public company.

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