Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Friday, March 01, 2019
05:50PM / NSE
The Board of Directors and Management of Guinea
Insurance Plc wishes to inform the general public that it will be unable to
submit its 2018 Audited Financial Statement within the regulatory timeline of
31 March, 2019 as required by the Nigerian Stock Exchange Rules for Filling of
Accounts and Treatment of Default Filling.
Guinea Insurance Plc being an Insurance Company is
subject to a primary regulator, the National Insurance Commission (NAICOM), and
is affected by the adoption and implementation of IFRS 9 on Financial
Instruments, and IFRS 4 (as amended) on Insurance Contracts.
The implementation of the two accounting standards
will delay the completion of the audit process, and submission of the 2018
Audited Financial Statement on time.
We sincerely apologize for any inconvenience caused
and are optimistic to submit the Accounts to the Exchange as soon as it is
approved by NAICOM.
Related News
1.
GUINEAINS Declares N134.23m Loss in
Q3 2018 results,(SP:N0.25k)
2.
GUINEAINS
Declares N56.57m Loss in Q2 2018 Results,(SP:N0.38k)
3.
Guinea Insurance
Plc Appoints Mr Oshadiya as Managing Director
4.
Guinea Insurance
Plc Appoints Mrs Oluranti Oke as Company’s Secretary and KPMG as its External
Audit
5.
Guinea Insurance Plc Announces Delay in
Filing FY 2017 Financial Statements with the Exchange
6.
Guinea Insurance
Plc Clarifies Reasons Behind Late Filling of 2016 Audited Financial Statements
7.
GUINEAINS
Releases Q1 and Q2'17 Results; Declares N94.52 mln PAT in Q2'17,(SP:N0.50k)
8.
GUINEAINS
Declares N2.52 mln PAT in 2016 Audited Result,(SP:N0.50k)