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Agrokor companies delay again publication of Q4 2017 results

Author Maja Garaca
Agrokor companies delay again publication of Q4 2017 results Author: Agrokor. License: All rights reserved.

ZAGREB (Croatia), April 4 (SeeNews) - Companies within Croatia's troubled food and retail concern Agrokor said on Wednesday they are still unable to publish their 2017 financial statements.

The companies had earlier said they would publish their financial statements by March 31 but due to "the complexity of the task" they are still "in development," several of Agrokor's units said in identical statements.

The units noted they are actively working on completing their financial statements and will publish them as soon as possible.

In February, the Zagreb Stock Exchange temporarily suspended from trading eight companies of Agrokor over the resignation of the emergency manager of the concern, Ante Ramljak. In early March, a decision was brought to keep them suspended until regular trading can resume without causing damage to investors.

The shares of frozen food producer Ledo [ZSE:LEDO-R-A], food company Belje [ZSE:BLJE-R-A], meat processing company PIK-Vinkovci [ZSE:PIVK-R-A], news stand operator Tisak [ZSE:TISK-R-A], agricultural conglomerate Vupik [ZSE:VPIK-R-A], mayonnaise and margarine maker Zvijezda [ZSE:ZVZD-R-A], soft drinks and water bottling company Jamnica [ZSE:JMNC-R-A] and wholesaler Zitnjak  [ZSE:ZTNJ-R-A] have since been suspended from trading.

Their last trading day was February 20.