Steinhoff again postpones publishing audited financials

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File: Steinhoff share prices plummeted over 60 percent following the resignation of CEO Markus Jooste amid a probe into alleged accounting irregularities.

File: Steinhoff share prices plummeted over 60 percent following the resignation of CEO Markus Jooste amid a probe into alleged accounting irregularities.

JOHANNESBURG - Steinhoff International informed the Dutch financial market regulator that it will not publish its audited 2017 financial statements.

Steinhoff was expected to publish them on January 31.

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It is the second time the retailer postponed the publication since its accounting irregularities were exposed.

Steinhoff has confirmed that Pricewaterhouse Cooper&39;s independent investigation into it is ongoing.

Earlier in January, the Johannesburg Stock Exchange warned the company&39;s listed debt securities could be suspended, if it fails to publish audited financial statements soon.