Shares in child care centres operator ABC Learning Centres have...

Shares in child care centres operator ABC Learning Centres have been placed in a trading halt prior to it making more revisions to past earnings. The Australian Securities Exchange recommended a trading halt after ABC's shares fell 12% on 21 August 2008 on high volumes. ABC expects to revise its earnings for 2005-06 to $A34m and to $A19m for 2006-07, related to the incorrect treatment of costs by auditors. The company has said it will report a pre-tax loss of $A437m for 2007-08