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