AVG Logistics Delays Financial Results Submission Due to Pending Audit Procedures

AVG Logistics Limited has informed the stock exchanges about a delay in the submission of its financial results. The meeting of the Board of Directors, which was scheduled to consider and approve these results, has been deferred because the finalization of financial statements is still in progress. Several audit procedures, management reviews, and reconciliation of financial information are pending completion to the satisfaction of both the management and the Statutory Auditors.

The company stated that it considered it appropriate and prudent to complete all necessary review, verification, and audit procedures before presenting the financial results to the Board for approval. This is to ensure the accuracy, completeness, and reliability of the financial statements, as well as compliance with applicable accounting standards and regulatory requirements. The delay is attributed solely to these reasons and is not intentional or an attempt to withhold material information.

AVG Logistics is actively working to conclude the remaining procedures shortly. A Board meeting will be convened as soon as these are completed to consider and approve the financial statements and results, which will then be submitted to the stock exchanges. The company emphasized its commitment to regulatory compliance and transparency, making all necessary efforts to expedite the financial reporting process.