Sick note struck as Ascendis delays results yet again

Business

Sick note struck as Ascendis delays results yet again

Speculation mounts in light of the restructuring and leadership changes at the healthcare company

Siseko Njobeni

A number of companies have for various reasons recently announced delays in the release of their financial results, sometimes doing so at the 11th hour.

One such company is Ascendis Health (https://www.sharenet.co.za/v3/quickshare.php?scode=ASC), which has pushed back the release of its annual results twice. The financials, which were initially supposed to be released on September 25, are now scheduled to be out by October 31.

Ascendis said it had rescheduled the release of the results due to what it said were complexities relating to the treatment of discontinued operations and new accounting standards. The terse explanation opens the door to speculation in light of the restructuring and leadership changes at the company...

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