Value Industries delays Q3 results amid ongoing CIRP

Value Industries Limited has announced a delay in the submission of its financial results for the quarter and nine months ended December 31, 2024. Citing an ongoing corporate insolvency resolution process (CIRP) initiated in 2018 and subsequent legal challenges, the company states it is unable to finalize the results in a timely manner. Key challenges include personnel changes, lack of cooperation from former management, and complexities related to pre-CIRP data. While the company published results for previous quarters between April 2023 and August 2024, the finalization of June 30, 2024, and September 30, 2024 figures is a prerequisite for completing the December 31, 2024, report. Value Industries assures stakeholders it is committed to publishing the financials as soon as possible.