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C2W Music suffering 'serious' accumulated losses

C2W Music made a profit of US$42,500 in the financial year ending December. However, despite the turnaround in its fortunes, auditors have flagged the company’s accumulated losses as a serious issue.
   
C2W Music has accumulated losses of US$1.219 million as at 31 December 2016.
   
Its current liabilities exceeded its current assets by US$145,922.



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