Brightoil: Publication of FY 2018 results delayed

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:

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