GetBack postpones its 2017 report yet again. Loss to reach PLN 1.2 bln

WSE-listed troubled debt collector GetBack has, once again, postponed the publication of its FY 2017 report and added that it expects its consolidated net loss to reach PLN 1.2 billion. Back on May 16, the previous date of report publication, the company said that the loss should amount to PLN 1 billion. Management warns that the sum could yet change. “The reason for changing the date of publishing the annual report of the issuer and the consolidated annual report of the GetBack Capital Group for 2017 is that work is underway to obtain additional information in order to prepare the final financial statements and, consequently, end its audit. The prolonged works are the result of the Issuer's current and complex financial situation and the necessity to analyze by the Issuer and the auditing company a number of additional documents,” the company said in a market filing. Originally, the report was scheduled to be released on May 15, but the date has been pushed back numerous times.