Harland & Wolff, Titanic shipyard owner, suspends trading on LSE due to delayed annual results amid accounting discussions and seeks £200m government loan guarantee.
Harland & Wolff, the Belfast-based shipbuilder owner of the Titanic shipyard, has suspended trading on the London Stock Exchange due to delays in publishing its annual results. The company is discussing with auditors how to account for revenues from some of its complex contracts. Harland & Wolff's unaudited financial results for 2023 show a pre-tax loss of £43.1m, narrowed from £70.8m in 2022, with revenues tripling to £86.9m. The company is seeking a £200m government loan guarantee to maintain its finances, and any delays could impact its ability to execute new and large contracts.
July 01, 2024
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