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FBN Holdings Explains Why Q1 2024 Unaudited Report Delayed
Yinka Olajoyetan, Lagos
FBN Holding Plc has said that it plans to publish both its full-year 2023 annual financial statement and first quarter 2024 unaudited financial statement on or before May 30, 2024.
This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) on Wednesday.
According to the notice, the group expects that during the period, necessary approval would have been obtained from its primary regulator.
The statement noted that the delays were due to the inability to finalize the audited financial statements (FY’2023 AFS) of the group for the year ended December 31, 2023.
“FBN Holdings wishes to notify the Nigerian Exchange Limited (NGX) and the investing public that the company is yet to publish its unaudited financial statements for the first quarter ended March 31, 2024 (Q1 2024 UFS) by April 30, 2024, as required under the rules of the NGX.
“This is due to the delays in finalizing the audited financial statements (FY’2023 AFS) of the group for the year ended Dember 31, 2023.
“FBNH plans to publish both the FY’2023 and the Q1 2024 UFS on or before May 30, 2024, by which time, we expect that the necessary approval would have been obtained from the primary regulator.”