Under pressure livestock shipper Wellard today requested a five-day trading halt on the Australia Stock Exchange (ASX) having already had a two-day break to try and sort out its 2016 financial accounts.
Wellard, which owns five ships, has been one of the worst performers on the ASX this year.
“The reason for the voluntary suspension is for the company to manage its continuous disclosure obligations, while it finalises its calculations regarding its fiscal 2016 net profit after tax,” Wellard said in a release.
Wellard has already given two profit downgrade announcements this year.
