Meaning of “restate” in the English Dictionary

"restate" in British English

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restateverb [ T ]

uk /ˌriːˈsteɪt/ us /ˌriːˈsteɪt/

(Definition of “restate” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"restate" in Business English

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restateverb [ T ]

/ˌriːˈsteɪt/ uk us

ACCOUNTING, FINANCE if a company restates its results, it calculates them again and announces a new amount for its profits, sales, etc.:

The company will have to restate earnings , converting reported profits to losses.
The automaker has restated results seven times in the past two years.
They were later forced to restate millions in revenues.
restatement

ACCOUNTING

an accounting restatement

(Definition of “restate” from the Cambridge Business English Dictionary © Cambridge University Press)