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price waterhouse auditor asked for more time..

  1. 25,108 Posts.
    Source: www.insideretailing.com.au

    Centro results now due Friday
    Wednesday, February 27, 2008 | 9:45 AM

    Centro Properties Group will now release its half-year results on Friday, not tomorrow as had been widely tipped.

    In a statement released to the Australian Stock Exchange yesterday, Centro said it would report on Friday but gave no reason for the one-day delay.

    However, it is understood the auditors, PricewaterhouseCoopers, requested more time to examine of the company's accounts.

    Centro unveiled a $3.9 billion debt funding shortfall in December.

    The group also revealed that another $1.5 billion had been wrongly classified as non-current in the accounts from last year.

    PricewaterhouseCoopers has indicated it is looking into Centro's justification for reclassifying the debt as part of its review of the group's half-year accounts.


    Ends.

    Cheers, Pie :-)
 
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