Laugfs says only half-year accounts for Diri Savi Board firms

Saturday, 29 October 2011 00:50 - - {{hitsCtrl.values.hits}}

With reference to yesterday’s Daily FT article titled ‘Laugfs Comes out with 1H sans quarterly,’ Laugfs Gas Plc said it is a public quoted company presently listed on the Diri Savi Board/Second Board of the Colombo Stock Exchange.

Section 7.4(a)(2) of the Listing Rules of Colombo Stock Exchange States as follows: “Where the Securities are listed on the Diri Savi Board, a Listed Entity shall give to the Exchange for public release, an Interim Financial Statement prepared on a half-yearly basis (hereinafter referred to as ‘Financial Statements’), as soon as the figures have been approved by the board of directors of the Entity and in any event not later than two (2) months from the end of the half year.”In terms of the provisions of the abovementioned Section 7.4(a)(2) of the Listing Rules of Colombo Stock Exchange, the companies that are listed on the Diri Savi Board need not mandatorily release their Interim Financial Statements prepared on quarterly basis.

Accordingly, Laugfs Gas PLC had released its Unaudited Interim Financial Statements prepared on half-yearly basis within the stipulated period of time in compliance with the abovementioned provisions in the Listing Rules of Colombo Stock Exchange.