Alujain’s earning disclosures still pending NATPET financial results

05/08/2018 Argaam

 

Alujain Corporation (Alujain) has said it is still waiting for the National Petrochemical Industrial Co. (NATPET), which is 57.4 percent-owned by the company, to submit its financial results, so that it can disclose earnings for Q2 2018.

 

NATPET was late to hold its annual general assembly meeting, which delayed appointing its external auditor, Alujain said in a statement.

 

Alujain said it would take all necessary measures to secure the company and its shareholders, and will exert all efforts to release its financial results.

 

All operations and subsidies are working on schedule, as the delay in announcing financial results is a matter of procedure and has nothing to do with performance, the company added.

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