Cambria Africa PLC on Monday said its shares will be suspended, amid delays of its financial 2022 accounts.
Shares in the Zimbabwe-focused investment company were down 9.9% to 0.32 pence each in London on Monday afternoon.
Cambria said it will not be in a position to release audited results for the year ended August 31 by February 28. Therefore its shares will suspended from March 1 until the results are published and sent to shareholders.
‘The company will provide a further update to the shareholders upon further material developments,’ it adds.
In March 2021, the company said that in financial year 2021 it swung to a pretax profit of $276,000 from loss of $424,000 prior year, while revenue was $1.2 million, down 8% from $1.3 million. Net asset value fell by 1.6% to $6.32 million from $6.42 million in financial 2020.
Copyright 2023 Alliance News Ltd. All Rights Reserved.
