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ANZ shares suspended after part of results released | ANZ shares suspended after part of results released |
(about 1 hour later) | |
Shares in ANZ have been suspended from trade after the lender accidentally published part of its full-year profit results, due on Friday. | Shares in ANZ have been suspended from trade after the lender accidentally published part of its full-year profit results, due on Friday. |
The Australian firm requested the halt after a spreadsheet meant for analysts and fund managers was posted on its website on Friday. | The Australian firm requested the halt after a spreadsheet meant for analysts and fund managers was posted on its website on Friday. |
It contained detailed financial data including the unaudited percentage change in cash profit for each division and geographic region. | It contained detailed financial data including the unaudited percentage change in cash profit for each division and geographic region. |
ANZ shares will trade again on Tuesday. | ANZ shares will trade again on Tuesday. |
In a statement, the lender said the information was "partial analytical data only" meant to "assist market participants" preparing their forecasts for ANZ's full-year results. | In a statement, the lender said the information was "partial analytical data only" meant to "assist market participants" preparing their forecasts for ANZ's full-year results. |
"Nonetheless, out of an abundance of caution, ANZ has sought a trading halt until the close of trading on the ASX today," it said. | "Nonetheless, out of an abundance of caution, ANZ has sought a trading halt until the close of trading on the ASX today," it said. |
Early results | |
This isn't the first time a bank has released their results early by accident. | |
Earlier this year, a financial supplement to JPMorgan's third quarter earnings was in circulation hours before its scheduled time because of "human error" at an investor relations company. | |
In 2013, French lender Credit Agricole accidentally published an investor presentation on its website the night before its earnings announcement. | |
Other large companies that have inadvertently seen their results released early include Google, Walt Disney and Gap. |
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