LandMark White's auditors have cast doubt about the valuation firm's ability to keep trading despite the recent capital raising and directors' assurances of a return to profitability by the end of this calendar year.
The ASX-listed valuer published its annual report on Tuesday, confirming the full-year after-tax loss of $15.1 million that it reported last month and repeating the directors' statement that they expected LandMark White's revenue and profitability to have returned to a level permitting "appropriate" returns to shareholders by year-end.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
