Nursery World - Finance details for ABC being kept on hold

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 operatorin the world, is working to finalise its full financial year results for2008 to shareholders and investors. After delaying its August deadline,the firm had its shares suspended. Press reports said losses of dollarsA437m were likely.

In a company announcement last week, ABC said, 'The company believesthat the concurrent release of the audited accounts and the Appendix 4Ewill eliminate any further speculation and uncertainty.'

There was more bad news last week, when a mother alleged that herfour-year-old boy was forced to wipe urine off the floor by an ABCchildcare worker in a setting in Berwick South, Melbourne.

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