The JSE said that if Phumelela still failed to submit its provisional report by the end of November, its listing might be suspended.
However, in its trading update towards the end of last month, Phumelela informed its shareholders that it would release its results for the year to the end of July by November 29.
“Shareholders are advised that the company is in the process of finalising results for the 12 months to end July, which is taking longer than anticipated. As a result, it is now expected that the audited results will be released on SENS on or before November 29,” Phumelela said in a trading statement.
In the expected results, Phumelela said it was expecting to report a basic loss of between R80million and R100m, compared with a basic profit of R155.1m reported a year earlier.