Regulatory Alerts2022-01-17
Added · Updated
Circular on Profit Warnings Clarification
This circular mandates that the threshold for issuing profit warnings under the Capital Markets Regulations is based on earnings after tax. Issuers must issue a profit warning as soon as management, defined specifically as the Chief Executive Officer, becomes aware of a likely drop in earnings exceeding 25%. Compliance with these specific clarifications regarding earnings metrics and management accountability is required for all issuers of securities.
More like this from CMA
We email you every new CMA publication the day it's published.
Topics
Share