GUINEAINS Announces Delay in Filing of the Company’s Q1 2019 Unaudited Financial Statements
Tuesday, April 23, 2019 09:20AM / NSE
The general public is hereby notified that Guinea Insurance Plc will be unable to file its First Quarter Unaudited Financial Statements for the period ended 31st March, 2019.
We are aware that the regulatory due date of the Nigerian Stock Exchange, 30 April, 2019 and has consequently appealed to the Exchange for an extension of time to file same.
The request for extension of time is due to the fact that Guinea Insurance Plc is yet to file its Audited Financial Statements for the year ended 31 December, 2018 as a result of the delays associated with the adoption and implementation of IFRS 9 on Financial Instruments, and IFRS 4 (as amended) on Insurance Contracts.
We sincerely apologize for any inconvenience caused and are optimistic to submit the Accounts to the Exchange as soon as possible.
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Graph 1: Guinea Insurance Plc – One Year Share Price Movement
Table: Audited Q3 2019 Results