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BRIEF-Blue Financial Services says to update on results post forensic report findings
April 1, 2014 / 8:23 AM / in 3 years

BRIEF-Blue Financial Services says to update on results post forensic report findings

April 1 (Reuters) - Blue Financial Services Ltd :

* Blue has been advised that second forensic investigation report is expected to be released during April 2014 where after company will update Blue shareholders

* Says in response to negative economic climate, lending operations of Blue SA were discontinued and business model was restructured

* Has taken decision to de-recognise controlling equity stake in blue micro finance bank by not consolidating blue nigeria into its group results and to instead reflect its shareholding as an investment

* As soon as board has certainty to findings and impact of forensic report and remaining matters , co will in a position to advise for release of February 2013 annual results and August 2013 interim results Johannesburg Newsroom; +27 11 775 3155 Source text for Eikon: Further company coverage: [ ]

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