June 9, 2025
Intangible Assets

PR1MA records RM42mil in overstated inventory

KUALA LUMPUR: PR1MA Corp Malaysia (PR1MA) has recorded RM42.18mil in overstated inventory and understated expenses, while overstated cost of sales amounted to RM8.11mil in financial year 2023 (FY23). According to the Auditor-General’s Report 1/2025, PR1MA had capitalised its sales commissions and legal fees for home unit sales totalling RM42.18mil, which did not comply with the

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