Trading in Superdry shares has been suspended amid delays in publishing its annual financial results.
The fashion retailer, which had been required to publish its audited results for the financial year by Tuesday this week, in line with stock market rules, said that it had taken longer than expected for RSM UK, its new auditor, to complete work on the final technical points.
“The board confirms that the delay is a result of normal procedures taking longer than anticipated during the first year that RSM are auditing the company,” Superdry said in a statement yesterday.
It is understood that the process took longer than expected because it was the first time that RSM had audited the accounts and, owing to the company’s “high-risk” status, the
© Times Media Limited 2023.