DAARCOMM Notifies of Delay in filing its 2018 Audited Financial Statement
Tuesday, April 02, 2019 02:45PM / NSE
DAAR Communications Plc wishes to notify The Nigerian Stock Exchange (The Exchange), its esteemed Shareholders and the General Public of the delay in filing the Audited Financial Statements for the Year ended 31 December 2018 (2018 AFS) within the regulatory due date of 31 March 2019.
The delay was occasioned by the request of the External Auditors to review the company’s trade receivables in compliance with the International Financial Reporting Standards (IFRS—15) which became effective from 1st January, 2018 and make appropriate recommendations to the Board.
We are optimistic of concluding the exercise within the timeline granted by The Exchange, to enable us file the 2018 AFS.
The Company regrets the inconveniences this delay might cause our Shareholders and reiterate our adherent to The Exchange’s rules.