By InvestAdvocate

Lagos (INVESTADVOCATE)-Financial Institution, Royal Exchange Plc said on Tuesday it will further delay its release of 2015 audited accounts.

“Further to our press release in the Guardian Newspaper of May 5, 2016 and Thisday Newspaper of May 18, 2016 on the delayed rendition of the company’s 2015 year end audited financial statements as required by the Nigerian Stock Exchange (NSE) Rules, we wish to inform our esteemed shareholders of a possible further extension to the release of Royal Exchange Plc’s 2015 audited financial statements,” the company said in a notice to the NSE.

According to Royal Exchange, the Group’s subsidiary companies have obtained approval of their financial statements from their various regulators and the group holding company is currently in the last stages of finalising the group consolidated accounts with its external auditors, KPMG Professional Services.

“The company is working assiduously towards meeting its earlier projected date of submission of June 15, 2016. However in the event that it is unable to do so, we are optimistic that the accounts would be submitted on or before June 30, 2016,” Royal Exchange added.