May 2020 Financial News

JMMB Group Limited - Delay in the publication of Audited Financial Statements

May 22, 2020

NOTICE
PURSUANT TO SECTION 64 (1) (B) OF THE SECURITIES ACT 2012

JMMBGL wishes to advise that due to the impact of various factors associated with the COVID-19 pandemic, the May 30, 2020 reporting timeline for the submission of its audited financial statements for year ended March 31, 2020 will be delayed. These audited statements will now be released on or before June 30, 2020.

Regrettably, the challenges being faced by JMMB Group of companies have contributed to this delay. These include:

• The closure of companies deemed non-essential by the governmental authorities in both the Dominican Republic and Trinidad and Tobago has prevented our auditors, KPMG Chartered Accountants, from completing the audit in the required time.

• Both the JMMB and the external audit team members being required to work mainly from home based on instructions from the various governments.

• The receipt of quarterly financial statements from an Associated company who has also been impacted in a similar manner by COVID-19 pandemic. These results form a material part of the JMMB’s Group financial statement.

Carolyn DaCosta,
Group Corporate Secretary
May 18, 2020

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Friady 22nd May, 2020