Juhayna justifies the delay in announcing the financial statements by increasing the audit requirements of the company’s data

Juhayna Food Industries justified its delay in sending the company's financial statements (both individually and collectively) for the fiscal year ending on December 31, 2020 for the dates set in accordance with the rules of registration on the Egyptian Stock Exchange, to the reservation on the Chairman of the Board of Directors, Safwan Thabet and his son, the Managing Director, Saif The increase in the requirements and scope of the audit by the auditors as a result of the increase in risks requires the auditors to be supplied with all the required data and documents and to respond to their inquiries. So far, the auditors have not completed the examination work and the issuance of the audit report.

 

The company said, in a statement to the Egyptian Stock Exchange, today, Thursday, that it has been regularly issuing financial statements since its registration in the Egyptian Stock Exchange in 2010, but this delay is due to accidental events previously disclosed to the Stock Exchange during the months of December and February related to the Chairman and Managing Director, adding that immediately after the termination The audit, the financial statements and the auditors ’report will be presented to the Board of Directors for discussion, approval and submission to the Stock Exchange, and the general assembly of the company.