Rogue Baron PLC - London-based distiller - Says it is adopting a new financial year, to end on September 30 rather than the calendar year that it uses currently. Will release a trading statement in each quarter until issues regarding the audit for its 2021 financial results are resolved. The issues relate to year-end stock take at Bin 1301 bar, its tequila inventory, and a tequila distillery in Mexico, where "stock takes were not completed by the company's auditor in the time available".
"The auditor has agreed to endeavor to audit the 30 September 2022 year-end accounts as soon as practically possible after the year end date," the firm says.
Current stock price: 1.525 pence
12-month change: down 78%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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