Victor Group Holdings Adjusts Financials, Loss Widened

Victor Group Holdings Ltd (AU:VIG) has released an update.

Victor Group Holdings Ltd has announced changes to its previously reported unaudited financial results, leading to an increase in the reported loss after tax by $2,445,249. The amendments are due to non-cash adjustments including the reclassification of certain prepayments as non-current instead of current assets. These accounting revisions have resulted in a significant reduction in the company’s net assets and a higher reported loss before income tax.

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