UPDATE 1-Steinhoff says profit overstatement could lead to more impairments, shares dive
09 May UPDATE 1-Steinhoff says profit overstatement could lead to more impairments, shares dive
Posted at 14:19h
in
News
by KMFSLLP
JOHANNESBURG, May 10 (Reuters) – South Africa’s retailer
Steinhoff said on Thursday that an investigation by
auditors PwC has found that the overstatement of its profits may
result in additional material impairments, sending its shares
more than 13 percent lower.
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