- Advertisement -spot_img
34.3 C
Lagos
HomeBusinessFCMB announces delay release of 3rd quarter results

FCMB announces delay release of 3rd quarter results

- Advertisement -spot_img

FCMB Group Plc, the holding company of First City Monument Bank Limited said it will delay the announcement of its third-quarter financial statements till the end of November instead of October 30, stipulated by the regulator.

The group in a regulatory filing on Wednesday said the delay in the unaudited results was as a result of the fact that its commercial banking subsidiary is undergoing interim auditing of its third quarter results.

“FCMB Group Plc wishes to notify the Nigerian Stock Exchange (“NSE”) and the investing public that it will not
file its nine months (Q3 2020) unaudited results for the period ended 30 September 2020 by the due date of 30
October 2020.

READ ALSO: President Trump COVID infection, real or a stunt to win election?

“This is due to the commencement of the interim audit of the company’s commercial banking subsidiary, First City
Monument Bank Limited for the period ended 30 September 2020.

“The consolidated third quarter 2020 results of FCMB Group Plc, will be released on The Nigerian Stock Exchange on or before 29 November 2020,” the company said in the regulatory filing.

Some companies listed on the Nigerian Stock Exchange have announced the meeting of their board of directors and closing period preparatory to the release of their third quarter and nine months unaudited accounts.

The rule of the Exchange stipulated that companies listed on it board must submit their quarterly financial statement a month after the closure of the financial period and in the case of yearly financial report, the companies are mandated to release the result not later than 3-month after their end of the year.

Join Our Mailing List!

* indicates required
- Advertisement -spot_img
- Advertisement -spot_img
Must Read
Related News
- Advertisement -spot_img