Pioneer Credit has gone into a trading halt the day before full-year results saying changes to an accounting standard foisted on the company had the potential to flip its profit forecast.
Minutes before the market opened on Monday morning, the Perth-based buyer of bad debts went into a trading halt with the company saying that the results teleconference scheduled for Tuesday would be delayed.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
