March 23, 2018 / 12:09 PM / 3 months ago

BRIEF-Choppies Enterprises Says To Delay Half Year Result

March 23 (Reuters) - Choppies Enterprises Ltd:

* CHOPPIES ENTERPRISES - ‍WITHDRAWAL OF TRADING STATEMENT, DELAYED RELEASE OF RESULTS FOR HALF YEAR ENDED 31 DECEMBER 2017 & UPDATE OF CAUTIONARY ANNOUNCEMENT​

* ‍GUIDANCE CONTAINED IN TRADING STATEMENT CANNOT BE RELIED UPON AND COMPANY HEREBY RETRACTS TRADING STATEMENT​

* CHOPPIES - BOARD INSTRUCTED MANAGEMENT TO PERFORM DETAILED PROCEDURES ON VERIFICATION, VALUATION OF INVENTORY IN CONJUNCTION WITH NEW EXTERNAL AUDITOR PWC​

* CHOPPIES ENTERPRISES - ‍PROCESS WILL ONLY BE COMPLETED BY APRIL 30 HENCE CREATES UNCERTAINTY REGARDING IMPACT OF ANY POTENTIAL ADJUSTMENTS, IF ANY, ON RESULTS​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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