Alliance One Will Miss Earnings Deadline on Accounting Issues
- `Discrepancies' found in inventory for Kenya subsidiary
- Tobacco-leaf merchant to hold Monday conference call on delay
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Alliance One International Inc., the world’s biggest tobacco-leaf merchant, said it will miss the deadline to file earnings for the fiscal second quarter ended Sept. 30 because of potential accounting errors.
The company discovered the accounting discrepancies while closing its operations in Kenya, Alliance One said Saturday in a statement. The errors may stretch back to 2008 or earlier and may involve about $40 million in total, it said.