As a shareholder, one of the important things you must track is the financial statement of companies that you own shares in. It is a very sacrosanct act and must not be overlooked at all. A company’s financial statement is basically a statement of the company’s financial health detailing how it has spent your money, how much it has made or lost and what future lies ahead.
The Nigerian Stock Exchange regularly publishes a list of companies who have complied as well as defaulted in publishing their financial statement on time in a report called “X-Compliance”. Amongst that list are those who haven’t even published their financial statements in years. These are major defaulters and you must note them. Here is an excerpt of the major defaulters;
- G. Cappa Plc – Non Rendition of Audited Financial Statements 2011, 2012, 2013
- Nigerian German Chemical Plc – Non Rendition of Audited Financial Statements 2013
- Nigerian Wire & Cable Plc – Non Rendition of Audited Financial Statements 2011, 2012
- Rokanna Industries Plc – Non Rendition of Audited Financial Statements 2012
- West African Glass Industries Plc – Non Rendition of Audited Financial Statements 2011 and 2012
- Jos International Breweries Plc – Non Rendition of Audited Financial Statements 2010, 2011, 2012
- Big Treat Plc – Regulatory Action
- Mtech Communications Plc – Regulatory Action
- Afroil Plc Dec BLS Regulatory Action
- P.S. Mandrides & Company Plc – Audited Financial Statements 2012
- FTN Cocoa Processors Plc – Non Rendition of Audited Financial Statements 2012
- UTC Nigeria Plc – Non Rendition of Audited Financial Statements 2012
- Starcomms Plc – Non Rendition of Audited Financial Statements 2012
- MTI Plc – Non Rendition of Audited Financial
- -Non Rendition of Audited Financial Statements 2012
- – Non Rendition of Audited Financial Statements 2012
- – Non Rendition of Audited Financial Statements 2012
- DAAR Communications Plc – Non Rendition of Audited Financial Statements 2012
You can get the full list below
