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JSE retracts Labat audit statement

SA`s bourse, the JSE, has retracted an earlier statement warning shareholders that Labat`s accounts contained a qualified audit opinion.

In a note to shareholders posted on the JSE news service, Sens, yesterday, it said the audit opinion on Labat`s annual financial statements for the year ended 28 February 2006 contains an emphasis of matter, and not a qualification.

"The JSE wishes to apologise for this error and regrets any inconvenience which may have been caused."

Labat also issued a note, informing shareholders of the incorrect announcement and referring them to the results. The JSE`s original announcement was made on 11 September.

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