BYJU’S received an ‘unqualified’ financial report for FY21

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Edtech major BYJU’S has finally received an ‘unqualified’ financial report for the year ended March 31, 2021, after a delay of more than 17 months and increasing speculation around the company’s overall financial health.

Confirming yesterday’s (August 29) media reports, sources told IANS that the edtech behemoth will hold a board meeting soon before releasing the audited financial statements for fiscal year 2020. According to reports, BYJU’S will most likely announce the results on September 6. For the uninitiated, a ‘unqualified’ financial report is one that does not include any commentary from the company. As a result, it only consists of an objective analysis of the said company’s financials. An ‘unqualified’ report is most likely a strategy for BYJU’s to quell reports of poor financial performance in FY21.

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BYJU’S received an ‘unqualified’ financial report for FY21

Edtech major BYJU’S has finally received an ‘unqualified’ financial report for the year ended March 31, 2021, after a delay of more than 17 months and increasing speculation around the company’s overall financial health.

Confirming yesterday’s (August 29) media reports, sources told IANS that the edtech behemoth will hold a board meeting soon before releasing the audited financial statements for fiscal year 2020. According to reports, BYJU’S will most likely announce the results on September 6. For the uninitiated, a ‘unqualified’ financial report is one that does not include any commentary from the company. As a result, it only consists of an objective analysis of the said company’s financials. An ‘unqualified’ report is most likely a strategy for BYJU’s to quell reports of poor financial performance in FY21.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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