Source Pravda.Ru

Sunrise Senior Living issues restatement of 1996-2005 results

Sunrise Senior Living Inc. completed a restatement of results from 1996 through 2005. It showed that earnings were cut by $173 million.

The restatement comes after a review that found accounting errors, but no evidence of stock option backdating, inappropriate accounting or insider trading.

Among the earnings changes, Sunrise Senior Living raised its 2005 earnings to $87.1 million, or $1.82 per share, compared with previous results of $79.7 million, or $1.67 per share.

Sunrise Senior Living reduced 2004 earnings to $1.1 million, or 3 cents per share, compared with $50.7 million, or $1.12 per share, that was previously reported.

For 2006, Sunrise Senior Living earned $20.4 million, or 40 cents per share.

With the restatement completed, Sunrise Senior Living filed for an extension to report 2007 earnings. It has until Sept. 17 to report its full-year 2007 earnings.

The 1996-through-2005 restatement was completed in time to avoid shares being suspended from trading by the New York Stock Exchange.

Sunrise Senior Living Inc. is a senior living company based in the McLean section of unincorporated Fairfax County, northern Virginia, which operates over 440 Sunrise locations worldwide.

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to raise sunken floating dock
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Brexit: The UK's misunderstanding of Democracy
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
MP suggests replacing Lenin's mummy with rubber figure
Russian Navy admiral says Russia will torpedo US warships, if need be
The horror story called Brazil: Murder and destruction
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Why Trump tries to re-industrialize America
USA plays to pretend a mighty dragon that can no longer breathe fire
US interferes in election of Interpol president, Kremlin believes
US interferes in election of Interpol president, Kremlin believes
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Brexit: The UK's misunderstanding of Democracy
Kuril Islands dispute between Russia and Japan: The impossible is impossible