Board Meeting11 Aug 2026, 12:54 pm
Graviss Hospitality Board Approves Un-Audited Financial Results
AI Summary
Graviss Hospitality Ltd announced that its Board of Directors, following a recommendation from the Audit Committee, has approved the Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also submitted the Limited Review Reports for the same period. The board meeting took place on August 11, 2026, commencing at 12:00 PM and concluding at 12:30 PM. The auditor's report highlighted accumulated losses in three subsidiaries, but management expressed confidence in their ability to secure future orders and recover loans.
Key Highlights
- Board approved un-audited standalone and consolidated financial results.
- Results are for the quarter ended June 30, 2026.
- Limited Review Reports were also approved and submitted.
- Auditor noted accumulated losses in three subsidiaries.
- Management is confident in subsidiaries' future prospects and loan recovery.
Price Impact
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