The Palace Amusement Company (1921) Limited (PAL) has advised that the submission of the Company’s Audited Financial Statements for the year ended June 30, 2020, and its Annual Report will be delayed. PAL advised that the delays are due to COVID-19 related circumstances, including closing of the cinemas and reduction in work days of all categories of staff, which hampered the processes and preparation of the records, and by extension, the start date of the 2020 audit.
PAL anticipates that the Audited Financial Statements will be submitted on or before October 12, 2020, and the Annual Report on or before November 11, 2020.
