Ann Joo is actually loss-making in 3Q15

Another listed company misreported its results on the summary page after Notion Vtec.

On the summary page, Ann Joo reported strong "gain" of RM82.3m. 

But if you look into the income statement, Ann Joo was actually incurring substantial amount of loss!

It is prudent to open the attachment to read the income statement. Hope no one is misled and jumps into the stock.

Questionable Notion Vtec

First, the missing negative sign in the results summary page makes a huge difference.

It actually incurred a loss in 4QFY15!!

But, the misguidance by the management is actually more worrying. In the immediate preceding quarter, the company commented:

Bulk of the unfavourable forward contracts had expired. Things should improve from this quarter onwards right?

In the results released yesterday, the company recorded RM15.2m of derivative loss! Now the company said they still have exposure until May and September 2016???