COMPLIANCE
Brikor closer to regaining its JSE trading status
Building supplies specialist Brikor, which has been suspended on the JSE for more than five years, is inching closer to regaining its trading status. Brikor was suspended in 2013 after not publishing financial statements within the stipulated JSE deadline. The company also fended off a liquidation application, and has since shown dogged determination in rebuilding a viable operating base. On Friday Brikor issued financial results to end February 2018 that might further fan flickers of shareholder optimism, with directors hopeful about the potential that could be unlocked from the company. In the annual report, directors advised that documentation pertaining to the lifting of Brikor’s suspension had been submitted to the JSE. They said that outstanding statutory annual financial statements still required by the JSE would, on completion, be submitted. The directors highlighted the consistent improvement in Brikor’s financial position, with the last major debts outstanding being amount...
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