Union Dicon Salt explains delay in releasing 2019 results 

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By Kayode Tokede

Union Dicon Salt Plc, a company which engages in the process of crude salt for wholesale and the manufacture of Iodized edible salt, has informed the Nigerian Stock Exchange (NSE) and stakeholders that it was unable to release its audited financial statement for the year ended December 31, 2019 within the extended regulatory filing date because the auditors are still finalizing their work at addressing the issues raised by the Financial Reporting Council of Nigeria (FRC) on the statements.

The company in a statement filed at the NSE on Monday said it planned to file the outstanding statements with the NSE once the approval is obtained from the FRC.