June 3, 2025
Jamaica Broilers Group Limited (JBG) has advised that the Company released to the JSE on March 26, 2025, its Unaudited Third Quarter Results for the quarter ended January 25, 2025. At that time, the Company advised that it had identified several issues related to expense management and operational controls in its U.S. Operations and had engaged external advisors in the United States to review operational control and any implications it had for the financial performance of the U.S. Operations.
JBG has further advised that having received preliminary and not yet finalised reports from its external advisors, and having assessed the financial performance of the U.S. Operations, the Company wishes to disclose the following material information, in keeping with the JSE Rules, Appendix 8, which it believes could have significant implications for the financial statements of the Company, namely unsubstantiated accounting valuation methodologies affecting several financial statement line items, including Inventories and Biological Assets.
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