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Brightoil: Publication of FY 2018 results delayed

01 Oct 2018

Hong Kong-listed international bunkering firm Brightoil Petroleum (Holdings) Limited Friday stated it will be unable to publish its financial report for the year ended 30 June 2018 due to earlier developments.

“As the publication of the 2017 Annual Results and 2017 Annual Report, and the 2018 Interim Results and 2018 Interim Report are still pending, the company is therefore unable to publish the annual results announcement for the year ended 30 June 2018 by 30 September 2018 and to despatch the annual report for the year ended 30 June 2018 by 31 October 2018,” it explains.

The company in early September noted it has been encountering several issues regarding its audit review.

A timeline-accurate list of events preceding the current development can be found below:

Related: Brightoil: Independent adviser requests for more information
RelatedBrightoil provides update on various business units
RelatedBrightoil: Plans to sell Zhoushan oil storage terminal, 15 vessels
RelatedBrightoil: ‘Business as usual’ with HKSE’s new delisting rules
RelatedUPDATE: Brightoil Singapore introduces new Acting CEO
RelatedBrightoil: Singapore CEO resigns, trading halt continues
Related: Brightoil continues suspension of trading activities
Related: Brightoil: Delay in release of 2018 financial results
Related: Brightoil: Update on suspension of trading
Related: Brightoil redeems $9.6 million in outstanding bonds

Photo credit: Brightoil Petroleum (Holdings) Limited
Published: 1 October, 2018

 

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