Friday, April 06, 2018 /12:50PM/NSE
The Board of Directors and Management of Presco plc hereby advises its esteemed shareholders and other stakeholders that it will be unable to submit its 2017 audited financial statements to The Nigerian Stock Exchange (NSE) and the Securities Exchange Commission (SEC) within the time frame required by the regulatory agencies.
This was not anticipated as the Company had expected to finalize the audit and publish its 2017 financial statements on/or before March 31, 2018. The delay is as a result of issues relating to biological assets valuation.
Both Management and the External Auditors of the Company are optimistic that the final financial statements of the company will be ready by Friday April 13th 2018. We undertake to submit the audited financial statements to the NSE and SEC and publish same immediately following the above date.
This publication can also be found on the company’s website: www.presco-plc.com