PZ Cussons Nigeria to delay submission of 2016 Q2 financial results

PZ Cussons Nigeria Plc yesterday announced that it will be filing its unaudited financial results for the second quarter ended 30 November 2016 in a week’s time.

In a notice endorsed by the Company Secretary Abiola Laseinde, published by the Nigerian Stock Exchange (NSE) the company revealed that the announcement is in compliance with regulatory authorities’ requirement on delayed submission.

PZ Nigeria in the release disclosed that its unaudited financial results for the second quarter ended 30 November 2016 will be released on 26th January 2017.

“The delayed submission is based on the fact that the results comprise of a substantial element of the overall results of PZ Cussons Plc Group UK, which also has extensive operations in Europe, Asia and in America,” said the company. “Consequently, the earliest practicable date by which the Group can collate and release its accounts for the half year (H1) is 24 January 2017 in order to give non-public material information to our overseas shareholders.”

However, the company assured that the development will not result in any disadvantage to its local (Nigerian) shareholders.