B-E-W-A-R-E: Companies That Are Yet To Publish Their Audited Accounts Since 2011

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;

1.  G. Cappa Plc  – Non Rendition of Audited Financial Statements 2011, 2012, 2013
2. Nigerian German Chemical Plc – Non Rendition of Audited Financial Statements  2013
3. Nigerian Wire & Cable Plc – Non Rendition of Audited Financial Statements 2011, 2012
4. Rokanna Industries Plc –  Non Rendition of Audited Financial Statements 2012
5. West African Glass Industries Plc –  Non Rendition of Audited Financial Statements 2011 and 2012 
6. Jos International Breweries Plc –  Non Rendition of Audited Financial Statements 2010, 2011, 2012
7. Big Treat Plc – Regulatory Action 
8. Mtech Communications Plc – Regulatory Action
9. Afroil Plc Dec  BLS Regulatory Action
10. P.S. Mandrides & Company Plc – Audited Financial Statements  2012
11. FTN Cocoa Processors Plc – Non Rendition of Audited Financial Statements  2012
12. UTC Nigeria Plc – Non Rendition of Audited Financial Statements  2012
13. Starcomms Plc – Non Rendition of Audited Financial Statements  2012
14. MTI Plc – Non Rendition of Audited Financial 
15. -Non Rendition of Audited Financial Statements  2012
16. – Non Rendition of Audited Financial Statements  2012
17. – Non Rendition of Audited Financial Statements  2012
18. DAAR Communications Plc – Non Rendition of Audited Financial Statements  2012 

You can get the full list below

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