Global Carriers rapped for failing to submit results

Global Carriers’ shares were suspended from trading on Tuesday as it failed to submit its audited financial results for 2012.
"The reason for failing to issue the outstanding annual audited financial statements within the relevant timeframe is due to unresolved significant audit queries in the accounts of Global Carriers Group, which were recently brought to the attention of the audit committee and the board of directors when the external auditors expressed concerns that they have not been able to obtain sufficient audit evidence to form an opinion for the purpose of issuance of the annual audited financial statements," said the shipping company in a filing with Bursa Malaysia yesterday.
"The company will issue the annual audited financial statements once further information is obtained on the significant audit queries raised by external auditors. The expected date of issuance of the annual audited financial statements is on or before May 31," said Global Carriers.
Global Carriers operates six wholly owned product tankers with a total carrying capacity of 50,767dwt, which transports clean petroleum products from refineries to oil terminals within Malaysia and the Asian region.  
Source: Sea Ship News