Cargo Handlers reported a fall in profits for the nine months to June this year, but with incorrect number of shares shown as issued and with no segment accounts.
The company last year split each share into 10 units resulting in 374 million units issued, instead of the 37.4 million units, net of treasury shares, shown in the equity statement of the financial statements. Additionally, the company has distinct segments of petroleum haulage, leasing and stevedoring. The financial statements have no information for each segment, as is the requirement of the International Accounting Standards.