Access Bank Plc (NGX: ACCESS) has disclosed that the group’s audited interim financial statements for the period ended 30 June 2021 could be delayed beyond the regulatory due date of August 29, 2021.
The delay is due to “ongoing strategic business combinations across jurisdictions and the need to obtain regulatory approval,” according to a press release by Access Bank Plc.
The Bank said that the Nigerian Exchange has approved an extension for the publication of the results.
Access Bank Plc said it expects to publish the results on or before September 10, 2021.
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Accordingly, the closed period earlier announced by the Bank which bars insiders from trading in the securities of the Bank remains in place until 24 hours after the release of the results.
In the first quarter of the year, Access Bank Plc grew its gross earnings to N222.14 billion from N209.79 in Q1 2020, while the profit after tax rose to N52.55 billion from N40.93 billion in Q1 2020.
The equity price is down by 0.55% to N9.05 per share on the floor of the Nigeria Exchange at the time of writing this report.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
