Square One Solutions has missed the three-month deadline for publishing its results, due to an “accounting issue”.
Companies have three months from year-end in which to publish their results to the market, says Noah Greenhill, senior GM of marketing and business development.
He says late publication of results will result in a company's shares being marked with an indicator so that brokers are aware that the figures have been delayed.
Square One's Stock Exchange News Service announcement yesterday did not shed any light on why the figures would be late. CEO Trevor James says the results should be out next week, and the JSE has approved the delay.
The announcement did indicate, however, that the results should be out on 15 April, a date Greenhill expects the company to take seriously.
Square One says its results should show a decline in earnings per share of at least 20%, and an increase in headline earnings per share of at least 20%. A year ago, the company reported earnings per share of 0.2c and headline earnings per share of 0.4c.
The firm says it will release a further update once it has more clarity on the exact headline and earnings per share position. Its share was unchanged yesterday at 10c.
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