These 11 companies have been suspended for missing the half-yearly deadline
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For the last few weeks, ASX announcements have been full of half yearly results. And so it should be, because companies have to meet several reporting deadlines.
In 2019, one such deadline was February 28, when Half Yearly Reports were due (although explorers have an extension until March 15).
But 11 companies failed to lodge their reports on time and have been suspended from the ASX.
Of these, six gave reasons for the delay and promised to release them soon. For instance, iBuyNew Group (ASX:IBN) blamed a change in accounting standards meaning they took more work than could be done by the due date.
The remainder of the six blamed the auditors and some set deadlines. Rubocor (ASX:RUB) set “1 week” as a deadline whereas Indonesian gold miner Aneka Tambang (ASX:ATM) has promised March 31.
Aneka informed shareholders of the delay yesterday noting it was, “deeply regretted” and nonetheless pledged commitment to “providing transparent and reliable information”.
Another five have not made a specific announcement about why they failed to lodge their accounts. It is possible they may explain themselves later today.
If your stock met the deadline, you can rest easy.
That is, until the next quarterly reporting deadline, which is April 30.