Glisten has moved to reassure the market after inaccurate reporting issues at its Halo Foods business forced the UK confectioner to delay the release of its preliminary results.

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“There is to date no indication that there are any matters of concern although the results for the year ended 30 June 2009 will come in below those previously advised,” the company’s board said.


Glisten had previously planned to release its full-year results on 14 September. However, this date is being pushed back in order to allow time to complete the independent review and conclude loan negotiations with the group’s banks.


In light of the delay, the group provided unaudited highlights for the year ended 30 June.


Glisten said sales would increase slightly, from GBP73.8m (US$119.9m) to GBP74.4m.

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Pre-exceptional operating profits are expected to drop to GBP5.1m, down from GBP8m last year.


Pre-exceptional profit before tax is expected to almost halve, dropping to GBP3.4m from GBP6.68m.