Stein­hoff fi­nan­cial re­sults de­layed

Daily Dispatch - - Business - ROBERT LAING

Stein­hoff In­ter­na­tional marked the an­niver­sary of when its 2017 fi­nan­cial year re­sults were orig­i­nally sched­uled to be re­leased by an­nounc­ing a fur­ther de­lay un­til April.

“Un­for­tu­nately, de­spite sig­nif­i­cant ef­forts be­ing ex­erted by all par­ties, it is now clear that the time­line for com­plet­ing the group con­sol­i­dated fi­nan­cial re­port­ing and au­dit process has shifted and it will not be pos­si­ble for all the work re­quired to be fi­nalised within the orig­i­nal time­frame,” Stein­hoff chair Heather Sonn said in a state­ment on Thurs­day morn­ing.

“The com­pany now es­ti­mates that it will pub­lish its group au­dited fi­nan­cial state­ments for 2017 and 2018 by the mid­dle of April 2019. The 2017 and 2018 fi­nan­cial state­ments for Stein­hoff In­vest­ment Hold­ings will be re­leased shortly there­after.”

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