ZIMPLOW Holdings says it will not be able to publish its abridged audited financial statements for the year ended December 31, 2021 by the stipulated date — April 30, 2022.

The delay is due to the extensive work necessary to conform to the requirement that financial statements are adjusted for hyper-inflation so as to comply with international accounting standard 29 – Financial Reporting in Hyperinflationary Economies, the company said in a statement Tuesday.

The board anticipates that the abridged audited financial statements will be published by May 31, 2022.