Caverton Offshore Support Group Plc (NGX: CAVERTON) has apologized for discrepancies in its unaudited financial statements for the half year period ended 30 June, 2024.
Also read; BUA Foods to expand it’s pasta production facility
In a regulatory filing on Tuesday, the company informed the Nigerian Exchange Limited and the investing public that it discovered discrepancies in the unaudited financial statements submitted by Caverton Offshore Support Group Plc (the Company) for the period ended 30 June 2024, particularly concerning the inaccurate reporting of losses incurred.
On behalf of the Company, we wish to express our sincere apologies for this error. Upon investigation, it was found that the issue arose due to a formatting error in the preparation of the financials.
The Company on Tuesday released its first half year ended 30 June, 2024, posting a loss of ₦2.23 billion for the period (H1 2023: ₦3.70 billion).
Caverton assured the NGX and the investing public that the company had no intention of misleading or deceiving the market.
The discrepancies has been correct, and the accurate financial statements have been submitted to The Exchange.
We deeply regret any inconvenience this may have caused The Exchange and the investing public, the statement concluded.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
