NCTRON, Audit Opinion 'Unqualified'... "Aiming for Performance Improvement through New Business"

[Asia Economy Reporter Yoo Hyun-seok] NCtron announced on the 24th that it received an 'unqualified' opinion on its audit report from an accounting firm.

According to a company official, although the stock price sharply dropped due to rumors circulating online, such as on the stock bulletin board, on the 23rd that the audit opinion would be adverse, the company stated that this unqualified opinion has helped to quell the controversy.

Meanwhile, on the 23rd, NCtron was designated as a stock requiring investor caution based on 'internal accounting control system adverse opinion.' Regarding this, the company stated that it was caused by a simple difference in accounting recognition.

A company official said, “Although cosmetics and electronic cigarettes were added as new businesses, the update on the business details was not properly reflected, which had a significant impact,” and added, “We will re-examine the internal accounting system in the future to resolve the reasons for the cautionary stock designation.”

NCtron is recently pursuing new businesses such as cosmetics and meal service to improve its performance. The company said it will also exit the management stock status through performance improvement via new businesses, capital increase, and sale of investment assets.

A company official added, “This cautionary stock and management stock designation does not correspond to a trading suspension that some shareholders are concerned about, and we will strengthen our business fundamentals this year to resolve all reasons for the designation.”

This content was produced with the assistance of AI translation services.