Goals Soccer Centres' shares remain suspended as audit continues

28th May 2019 08:37

(Sharecast News) - Goals Soccer Centres told investors on Tuesday that it has continued to work with auditors to complete an audit of its last financial year, aimed at assessing historical accounting errors and policies adopted by the company.While Goals said the work was ongoing, it did confirm that it expected its 2018 full-year results to be "materially below expectations" and its historically reported financial performance.The AIM-listed outfit noted that as a result of the investigation, it may not be in a position to complete its full-year 2018 audit by the 30 June deadline, but noted that it was endeavouring to complete the process as soon as possible.Goals also warned that its current trading year, in which a number of new accounting policies, corrected accounting treatments and revised VAT assumptions were being adopted, would also be materially below prior expectations.As of 0835 BST, Goals shares remained suspended at 27.20p.