Swiber Holdings has received approval from the Singapore Stock Exchange (SGX) to delay publishing its second quarter results by three months.

The company, which is under judicial management, says it now expects to post its financial results on 14 November.

The company applied for the extension on 12 August as the judicial managers had only been appointed just ten days earlier.

“They need time to review the financial affairs of the group and have been working with management in the review of key matters including the status of the group’s projects, cashflow positions and litigation matters,” Swiber said.

Swiber