Steinhoff’s delayed FY earnings reveal €1.3bn loss

PUBLISHED: Wed, 19 Jun 2019 10:32:28 GMT

The Frankfurt listed retailer which has lost 97 per cent of its value since the 2017 accounting fraud scandal- blamed one-off expenses including professional fees of 117 million euro and impairments for the loss. Steinhoff shares are more than 5 per cent down in intra-day trading.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.