The Johannesburg-based bourse has told Dialogue Group shareholders that its results contain an emphasis of matter.
Service yesterday, the JSE said Dialogue's year-end results for the period to December contained an 'emphasis of matter' audit opinion.
The bourse says its securities have been marked with an E to alert traders to the audit opinion.
Dialogue's results for the year show a wider loss of R96.5 million, almost double the R58.4 million loss it reported a year ago. The loss is mainly the result of R63.4 million in expenses to liquidate Dialogue SA.
Translated into a per share loss, Dialogue reported a loss per share of 32.3c, wider than last year's 20c.
The auditor states Dialogue's results include those of the folded unit, as it was only liquidated in February. As a result, Dialogue SA has an accumulated loss of R96 million, and Dialogue Group incurred a loss of R37.7 million during the year.
“These conditions... indicate the existence of a material uncertainty that may cast significant doubt about Dialogue Group Holdings Limited's ability to continue as a going concern,” noted the auditor.
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