FCMB Group Plc (NSE – FCMB) on Wednesday said it would not file its Q3 financial statements for the period ended 30 September 2020 by the due date. This was contained in a public notice signed by Funmi Adedibu the Company Secretary, issued to the Nigerian Stock Exchange.
According to the Group, the reason behind the delay is due to the commencement of the interim audit of the company’s commercial banking subsidiary – First City Monument Bank Limited for the period ended 30 September 2020.
The consolidated third quarter 2020 financial statements of FCMB Group Plc will be filed with the Exchange on or before 29 November 2020, according to the publication.
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FCMB Group is into the business of providing banking and other financial services to corporate and individual customers.
In the first half of the year, FCMB Group reported an increase in gross earnings to N98.179 billion from N89.786 billion recorded in the same period in 2019. Similarly, its profit for the period rose to N9.701 billion from N7.530 billion in H1 2019.
The equity price of FCMB Group at the time of this report is N2.19, it is losing 4.37% compared to its closing price on Tuesday.
By; Ifunanya Ikueze