CI Com cannot meet deadline for publication of annual report
Published: Thursday, May 30th 2024, 19:10
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The investment company CI Com, which is listed on the Swiss stock exchange, will not be able to present its annual report as planned on May 31. The Swiss stock exchange SIX has been informed that the deadline extension granted a month ago cannot be met, according to a statement issued by the company on Thursday evening.
The auditing company PKF Certifica needed more time to audit the annual financial statements, according to the reason given for the extension at the end of April. Further work was needed to verify the figures for the investments in the companies Zenessa SA and Alliance Développement Capital SIIC in CI Com's balance sheet.
The company did not provide any further details in the press release as to why this could not be completed within the deadline. "The company is continuing its efforts to publish its audited annual financial statements," it simply said.
CI Com also announced that it is in negotiations with the main shareholder Dual Holding SA to buy back its share package. More detailed information will be provided in due course.
According to the preliminary figures presented a month ago, the loss due to value adjustments on investments amounted to CHF 1.79 million after a loss of just over CHF 279,000 in 2022.
The operating result at EBIT level was negative at CHF 1.61 million in 2023. On the balance sheet, equity was clearly negative at 8.45 million at the end of 2023 due to the high loss carried forward, compared to a minus of 7.32 million at the end of 2022.
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