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KM Financial Solutions | UPDATE 1-Steinhoff says profit overstatement could lead to more impairments, shares dive
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UPDATE 1-Steinhoff says profit overstatement could lead to more impairments, shares dive

09 May UPDATE 1-Steinhoff says profit overstatement could lead to more impairments, shares dive

Posted at 14:19h in News by
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JOHANNESBURG, May 10 (Reuters) – South Africa’s retailer
Steinhoff said on Thursday that an investigation by
auditors PwC has found that the overstatement of its profits may
result in additional material impairments, sending its shares
more than 13 percent lower.

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