UPDC Plc Notifies of Delay in filing its 2018 Audited Financial Statement


Tuesday, March 05, 2019 02:50PM / NSE


The External Auditors of UACN Property Development Co Plc (the Company), Ernst & Young, has indicated that a paragraph on Material Uncertainty Related to Going Concern will be included in its Audit Opinion on the Company’s 2018 Audited Financial Statements.

In line with Section 8(1)(n) of the Financial Reporting Council Act No 6 of 2011, Ernst & Young is required to submit a copy of the 2018 Audited Financial Statements of UACN Property Development Company Plc together with explanatory memorandum to the Financial Reporting Council of Nigeria (FRC) for review and the 2018 Audited Financial Statements cannot be announced to the public until all accounting issues relating to it are resolved by the FRC.

It is sexpected that the Company will publish its 2018 audited Financial Statements by May 10, 2019.

Related News

1.         UPDC Plc Announces Board Meeting and Closed Period

2.        UPDCREIT Declares N2.21bn PAT in Q2 2018 Results,(SP:N9.00k)

3.        UPDCREIT declares N1.32 billion PAT in Q3''17 Results,(SP:N10.00k)

4.        UPDC Plc Announces Closed Period for 2017 Half Year Results

5.         UPDC Appoints Mrs. Folake Temitope Kalaro as Company Secretary

6.        UPDC Plc Announces Closed Period for 2017 First Quarter Results

7.         UPDC Plc Announces Full Year December 2016 Earnings Guidance

8.        UPDCREIT Proposes 43k per unit Interim Dividend in Half Year 2015

9.        UPDCREIT Declares N1.57 bln PAT in Q2'15 Result,(SP:N10.00k)

10.    UPDCREIT declares N4.84b PAT in 19months Audited result ended 31 Dec '14,(SP:N10.00k)

11.      UPDCREIT Proposes 31kobo Final Distribution for the Period Ended 31 Dec, 2014


Related News