FCMB Group explains delay in Q3 results

FCMB Group Managing Director, Ladi Balogun

The FCMB Group Plc has given reasons why its financials will not be ready as originally planned.

The group notified the Nigerian Stock Exchange (NSE) and the investing public that it will not file its nine months unaudited results expected to end 30 September 2018 by 31st October 2018, the due date.

The reason the group gave, is because of the commencement of the interim audit of the company’s commercial banking subsidiary, First City Monument Bank Limited for the period ended 30 September 2018.

In a notice the issued at the NSE and signed by Funmi Adedibu, Company Secretary, the Group said its consolidated third quarter 2018 results will be released on the Exchange on or before 29 November 2018.

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