"Ubisoft Entertainment SA made the unusual decision to delay the publication of its first-half financial results on the day that they were due to be released. The company also requested that the trading of its shares be halted. The French gaming company behind Assassin's Creed said it would publish its results "in the coming days" instead, without providing further detail."
"The company didn't immediately respond to a request for more comment but said in a memo to employees that it was "taking extra time to finalize the closing of the semester." Ubisoft's American depositary receipts slid as much as 19 percent. Its shares in Paris have fallen 49 percent this year and closed down almost 1 percent at EUR 6.77 earlier on Thursday."
Ubisoft delayed publication of its first-half financial results on the scheduled release day and requested a halt to trading of its shares and bonds on Euronext. The company said it would publish results "in the coming days" and will inform the market when trading restarts. An employee memo said the firm was taking extra time to finalize the semester closing. American depositary receipts fell as much as 19 percent and Paris shares have slid 49 percent year-to-date. A planned CFO media briefing was postponed and canceled. The delay follows prior game development setbacks and a €1.16 billion Tencent investment tied to key franchises.
Read at Gadgets 360
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