BUSINESS MAVERICK: Steinhoff’s delayed 2018 results show, once again, that it probably is not a going concern

The last 18 months have been a challenging time for the Company, following the events of December 2017.”

Now we have the 2018 results. It remains to be seen if there will be an entity called Steinhoff standing when the 2019 numbers are due. The market was not impressed as its shares tanked on Wednesday 19 June.At the outset, it should be noted that it is now clear from the multiple investigations carried out that the accounting irregularities, over an extended period, masked the fact that the Group’s profitability was challenged.”For the record, Steinhoff’s 2018 loss was €1.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Business Maverick: After floods, Zimbabwe and Mozambique face huge maize shortfallsZimbabwe’s 2019 maize crop is set to come in at half that of 2018 and Mozambique’s at a quarter. To make it worse, SA will probably not have much excess — and the result is fast-rising maize prices.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »

BUSINESS MAVERICK OP-ED: Economic lessons from EverestMount Everest’s overcrowding problem is not so different from many other economic and social challenges that policymakers confront – an imbalance between supply and demand, and possibly poor regulation.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »

Business Maverick: Short Seller That Targeted Noble Group Takes Aim at TrafiguraIceberg Research, the short seller that targeted commodities trader Noble Group Ltd., has another trading house in its sights: Trafigura Group Ltd.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »