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Finance details for ABC being kept on hold
By Laura Marcus,
Nursery World,
18 September 2008
ABC Learning Centres, owner of Busy Bees, has put releasing its financial results on hold until the end of the month.
The Australia-based company, still the largest childcare centre operator in the world, is working to finalise its full financial year results for 2008 to shareholders and investors. After delaying its August deadline, the firm had its shares suspended. Press reports said losses of dollars A437m were likely. In a company announcement last week, ABC said, 'The company believes that the concurrent release of the audited accounts and the Appendix 4E will eliminate any further speculation and uncertainty.' There was more bad news last week, when...
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