JMMB Group Limited (JMMBGL) has advised that, due to the impact of various factors associated with the COVID-19 crisis, there will be a delay in the submission of its audited financial statements. The Company intends to publish its audited financial statements on or before June 30, 2020.
“Regrettably, the challenges being faced by the JMMB group of companies , which have resulted in the delay of the completion of its audited financial for the year ending March 31, 2020, are:
1. Closure of non-essential entities, by the government authorities in the Dominican Republic and Trinidad and Tobago, which has prevented our auditors KPMG Chartered Accountants to complete the audit in the required time;
2. Our JMMB team members as well as the external audit team, mainly working from home, as a result of mandates from the authorities and their comorbidities; and
3. The receipt of quarterly financial statements from our 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 statements”.
JMMBGL further stated that a notification of the delay will be published in the media.