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OTHERS AUTOCOUNT DOTCOM BERHAD ("ADB" OR THE "COMPANY") CLARIFICATION ON THE NEWS ARTICLES TITLED "AUTOCOUNT SEEN TO BENEFIT FROM THE ROLLOUT OF E-INVOICING"

AUTOCOUNT DOTCOM BERHAD

Type Announcement
Subject OTHERS
Description
AUTOCOUNT DOTCOM BERHAD ("ADB" OR THE "COMPANY")
CLARIFICATION ON THE NEWS ARTICLES TITLED "AUTOCOUNT SEEN TO BENEFIT FROM THE ROLLOUT OF E-INVOICING"

Reference is made to the news articles published on The Edge dated 27 May 2024 titled AutoCount seen to benefit from the rollout of e-invoicing”.

 

The Company wishes to clarify that the quoted statement “With e-invoicing expected to be implemented in August, AutoCount is projecting revenue growth of between 20% to 30% for its current financial year.” was misinterpreted. In response to the question posted by the press with regards to the coming year’s growth, our Managing Director, Mr Choo Yan Tiee had mentioned that based on ADB and its subsidiaries’s (the "Group") historical revenue growth of more than 20% in recent years, barring any unforeseen circumstances, he is optimistic that the implementation of e-invoicing should be able to sustain the Group’s growth rate moving forward.

 

The Company wishes to further clarify that the quoted statement was not intended to refer to any financial estimate, forecast or projection of the Group.

 

This announcement is dated 27 May 2024.






Announcement Info

Company Name AUTOCOUNT DOTCOM BERHAD
Stock Name ADB
Date Announced 27 May 2024
Category General Announcement for PLC
Reference Number GA1-27052024-00061



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