United Bank for Africa (UBA) Plc has informed the Nigerian Exchange Limited (NGX) about a delay in the release of its Half-Year (HY) financial results. The company’s announcement, signed by Company Secretary Bili Odum, did not provide specific reasons for the delay but expressed optimism that the results would be available by September 15th.
The statement reads, “This is to inform Nigerian Exchange Limited (NGX), our esteemed shareholders, and the investing public of a slight delay in publishing the Bank’s Half-Year 2023 Audited Financial Statements (AFS). The Bank is however optimistic that the AFS will be submitted to NGX on or before Friday, September 15, 2023.”
The announcement also noted that the trading window for UBA insiders and their connected persons would remain closed until 24 hours have passed after the release of the Audited Financial Statements.
Several other Nigerian banks have previously announced similar delays in the release of their half-year financial results. These delays have been attributed to auditing considerations and issues pertaining to offshore subsidiaries.
