IN BRIEF: Revolution Beauty shares plunge as audit could hit profit
11th Aug 2022 15:46
Revolution Beauty Group PLC - AIM-listed beauty products retailer - Will now report its final results for the financial year ended February 28 on August 30, as it needs further time to complete the audit. Says auditors have raised "certain accounting issues" that could have a "material impact" on the results for the year that the company has previously communicated. "In the event that material adjustments are required, the group profitability for FY22 could be materially reduced across a number of potential adjustments including stock and bad debt provisioning and revenue recognition. Once these issues have been fully resolved and agreed between the auditors and management a further announcement will be made," the firm says. Read More