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WH Smith has delayed the release of its annual financial results amid the continuing impact of accounting failings.
The retailer said it expected its latest results to be released on Friday 19 December, having previously said they would be released on Tuesday 16 December.
It told shareholders the delay would lead to the auditor pwc “Additional Time to Complete Required Audit Procedures”.
This is the latest delay in the results which were originally scheduled to be published on November 12.
The delay comes after Carl Cowling resigned as chief executive of WH Smith following a report last month Deloitte Accounting problems confirmed.
The retailer, which sold its UK high street stores earlier this year to focus on its travel locations, first disclosed the accounting issues in August.
Its shares fell by up to 40% after its trading profits were revealed North America When reviewing its finances it was found to be overstated.
As a result the business cut its profit forecast.
Last month, an independent review by Deloitte found numerous “shortcomings” after the group overstated profits in its US business by £50 million.
WH Smith warned it expected profits at its US business to fall by £5 million to £15 million due to delayed full-year results – down from the £55 million the market originally expected and revised guidance of £25 million when the accounting issue was first highlighted.
After selling off its high street chain of around 480 stores, WH Smith is now focusing solely on its 1,300 stores in global travel locations – such as airports, train stations and hospitals. hobbycraft Owner Modella Capital in June.
As part of the deal, the WH Smith name is disappearing from British high streets and being replaced by the brand TGJones.