UPDATE: CONOIL, OANDO and 86 Others Yet to Comply With 2013 Filing Calendar

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Monday, May 26, 2014/ The Analyst

 

In our earlier report titled CONOIL, OANDO and 89 Others Yet to File 2013 Audited Results which was released on 19th May, 2014. We highlight that ninety-one (91) quoted firms are yet to file their 2013 Audited financial statements one hundred and four (104) firms have so far complied. Prominent among the firms are OANDO, CONOIL, AIICO etc as the topic suggests

The management of the Nigerian Stock Exchange had earlier given all quoted firms one month grace period in addition to their respective statutory filing due date failure of which penalties will become applicable and enforceable after the grace period.

 

Despite the one month grace given (which has also elapsed for majority of the firms), majority are still yet to file their 2013 Audited Financial Statements. The table below shows the filing due dates for quoted firms against their year-end period.



Companies Yet to File 2013 Audited Results

As at 26th May, 2014 eighty-eight (88) quoted firms out of the one hundred and ninety-one (191) listed companies on the Nigerian Stock Exchange are yet to comply with the filing of their 2013 audited results. This figure represents 46.07% of the total firms listed on the Exchange.

Financial services sector still dominated the list with thirty-three (33) firms out of the fifty-eight (57) firms listed in the sector representing about 57.89% of the total firms in the sector. Out of the thirty-three defaulters, the insurance sub-sector has twenty-six (26) firms making the list representing 78.79% of the thirty-three (33) defaulters in the financial sector.

Next to the Financial Services is Consumer Goods sector with eleven (11) firms out of the total of twenty-seven (27) listed in the sector representing almost 40.74% of the total listed firms in the sector.

The Oil & Gas sector where CONOIL and OANDO belong maintain six (6) defaulters out of the fifteen (15) listed in the sector with the figure representing about 40% of the total listed firms in the sector.



Companies That have Released 2013 Audited Results

Furthermore, one hundred and seven (107) out of the one hundred and ninety-one (191) listed companies on the Nigerian Stock Exchange have filed their 2013 Audited Results representing about 56.02% of the total firms listed on the Nigerian bourse.

Financial services sector still dominate the list with twenty-three (23) firms out of the fifty-eight (57) firms listed in the sector representing about 40.35% of the total firms in the sector.

 

Consumer Goods sector followed closely with eighteen (18) firms out of the total twenty-seven (27) listed in the sector representing almost 66.67% of the total firms listed in the sector.



Related Reports:

CONOIL, OANDO and 89 Others Yet to File their 2013 Audited Results 

NSE Grants Listed Companies One Month Grace Period for Rendition of Audited ’13 Results

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