Brief: Goodfellow says announces completion of verification activities

Goodfellow

24/11/2016 22:32

Nov 24 (Reuters) - Goodfellow Inc  GDL.TO  
    * Interim financial statements for q2 ended may 31, 2016 
must be restated 
    * Says q3 sales expected to be reported continued to be at 
approximately $159 million 
    * Corrections to be made expected to reduce net income for 
q2 from $3.4 million to about $2.4 million after tax, or 28 
cents per share 
    * Says plans to apply for lifting of management cease trade 
order following filing of its q3 financial information 
    * Goodfellow inc-reduced margin,higher costs incurred for 
implementation of erp system to result in reporting of q3 loss 
per share of about 32 cents after tax 
 
Source text for Eikon:  ID:nCCN43qxY0  
Further company coverage:  GDL.TO  
 
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