The 2018 financial year was a very challenging year for Greif Nigeria Plc. (Greif or the Company). The economic and competitive environment in the steel drum/packaging sector gave rise to a very tough situation for our business and this resulted to the closure of two of our branches during the 2018 financial year.
In effect, we could not meet the timeline for the filing of the Audited Financial Statements for the year ended 31 October 2018, on the due date, 29 January 2019. This was as a result of the fact that our External Auditors had to exercise due diligence on the Financial Statements during the audit exercise to ensure all tax related issues were resolved, and make certain that the results reflect the actual position of business operations for the year, as well as conform with all relevant statutory requirements.
We anticipate to file the audited financial statements on or before 15th February 2019.
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