Trading in 2Go shares have been suspended in the Philippines following a restating of its financial results.

The Philippine Stock Exchange says the ban will remain in place until further information is received.

Following an audit, the ro-pax company changed the 2015 net profit figure to PHP 109.13m ($2.14m), from PHP 1.08bn previously, Business World reported.

For 2016, 2Go said earnings were PHP 344.03m,