Steinhoff said it expected to report that its interim revenue grew about 1% to €9.4bn.
It warned shareholders it expected to post a loss "after taking into account central costs, depreciation, advisory fees (relating to restructuring, liquidity, litigation and investigation in the first half of the 2018 financial year), foreign exchange losses on cross-currency loans, impairments, capital losses suffered on asset disposals to generate liquidity and increased interest costs (both from increased interest rates and higher commitment fees on new facilities)".
As the last trading day of June, Friday is likely to see a rush of tardily managed companies either getting their March results out before the JSE censures them for missing its three months deadline, or issuing "the dog ate my financial statements" excuses.
Mehr @ www.businesslive.co.za/bd/markets/...ts-may-appear-on-friday/