Royal Exchange To Further Delay The Release Of Its Audited Full Year 2015 Result

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Royal Exchange PLC has just announced that it will further delay the release of its audited full year 2015 result.

In a statement by the company, it said “the group holding company is currently in the last stages of finalizing the group consolidated accounts with our external auditors, KPMG Professional Services” and that the result will be ready on the 15th of June, 2016

The company included a caveat that should it fail to release its result on that day, ” we are optimistic that the accounts would be submitted on or before June 30, 2016

See statement below:

“Further to our press release in the Guardian Newspaper of May 5, 2016 and Thisday Newspaper of May 18, 2016 on the delayed rendition of the company’s 2015 year end audited financial statements as required by the Nigerian Stock Exchange (“NSE”) Rules, we wish to inform our esteemed shareholders of a possible further extension to the release of Royal Exchange Plc’s 2015 audited financial statements.

The Group’s subsidiary companies have obtained approval of their financial statements from their various regulators and the group holding company is currently in the last stages of finalizing the group consolidated accounts with our external auditors, KPMG Professional Services.

The company is working assiduously towards meeting its earlier projected date of submission of June 15, 2016. However in the event that it is unable to do so, we are optimistic that the accounts would be submitted on or before June 30, 2016. We will keep all concerned abreast of any further developments.”

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