Red Sea Housing says impact of phase III of IFRS transition plan yet to be determined
Red Sea Housing Services [4230.SE] has announced that its internal team is in the process of preparing the opening IFRS balance sheet of 1 January 2016, while the comparable 1Q16 figures are underway, ahead of being reviewed by the external auditors. The impact of the transition of phase III is yet to be determined, given that the exercise is still ongoing. (Tadawul)
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