FLOURMILL Notifies of Late Filing of the Company’s 2019 AFS

Proshare

Thursday, July 04, 2019 12:25PM / NSE

 

Flour Mills of Nigeria Plc. (referred to as “Flour Mills” or “FMN”), Nigeria’s leading food  and agro-allied group, today announced a delay of the release/ publishing of its Annual Audited Financial Statements for the year ended 31st March 2019.

The marginal delay is necessitated by the complexities surrounding the recently concluded optimization process of FMN Agro-allied Holding within the Group. The need to ensure the proper integration of the new structure within the business to give optimal stakeholder value, and the proper alignment with all Legal and Procedural requirements has taken longer than envisaged and beyond the submission timeline.

We are positive that the Audited Financial Statements will be filed within two weeks of this notice and be in optimal alignment to all the necessary financial standards and best practices.

 

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Graph 1: Flour Mills of Nigeria Plc – One Year Share Price Movement

 

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Table: Unaudited Q1 2018 Results

 

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