Oil and Gas Giant, Oando Plc has yet again failed to keep its promise of not releasing its 2015 FY results earlier set of May 31, 2015. In a press released issued in the website of the NSE, the company blamed engagement with the auditors for the reason for the delay.
See below;
EXTENSION TO THE RELEASE OF OANDO PLC’s 2015 AUDITED FINANCIAL STATEMENTS
This is to inform our valued shareholders and key stakeholders that there has been a further extension to the release of Oando PLC’s Full Year End (FYE) 2015 Results.
Additional enquiries and further engagement with our auditor, Ernst & Young (“EY”), post submission of our numbers to them have resulted in delays to the finalization of the Accounts which in turn has resulted in a delay in submitting the Accounts to the Financial Reporting Council of Nigeria (“FRCN”) for regulatory review.
Accordingly, the Company was unable to meet with the earlier communicated timeline for the submission of its Accounts of 31 May, 2016.
We (Oando PLC) will work actively with EY and seek an accelerated approval process when the Accounts are submitted to the FRCN in order to ensure we conclude and file our Audited FYE 2015 Results on or before 30 June, 2016.
We will keep all concerned abreast of any further developments.
