Utilitywise suspends trading in shares; delays results release
Source - SMW
Utilitywise said it would not be able to publish its annual audited accounts due to the volume of work still required on proposed changes to its revenue recognition policy.
The delay was not related to the company's banking arrangements, nor the trading, cash flows or other underlying economic position of Utilitywise in either the current or previous financial year, the company said.
Trading in the company's shares would be suspended pending notification of the fiscal 2017 results.