Gala Inc. announced today that it has postponed the release of its second-quarter financial results for the fiscal year ending December 2024. The delay stems from an ongoing investigation by a special committee of external experts, whose report has yet to be finalized. The financial results were initially scheduled for release on August 14.
The company indicated that the findings of this investigation could necessitate corrections to its securities report, which would impact the opening balance of the semi-annual report for the current fiscal year. As a result, Gala Inc. has decided to defer the announcement of its interim financial results until the necessary adjustments can be made.
Gala Inc. assured stakeholders that it would disclose the investigation report as soon as it is available. The company is also considering applying for an extension to the deadline for submitting its semi-annual report and will provide an update if such a decision is made.
This postponement adds uncertainty to Gala Inc.’s financial outlook, as investors await the outcome of the investigation and any potential financial restatements.
