e Board of Directors of IBL Ltd (the "Company") would like to inform its shareholders and the public in general that it has applied to the Stock Exchange of Mauritius ("SEM") for an extension to publish its abridged audited financial statements for the year ended 30 June 2022, due to a delay in the administrative and audit process in one of its component companies following a mandatory rotation of auditor for the said period.
As a consequence of the above, the Company has also applied for an extension to publish its abridged unaudited financial statements for the quarter ending 30 September 2022.
e SEM has granted extensions to the Company, for the Board to publish its results, as follows:
Abridged audited financial statements for the year ended 30 June 2022 by 15 November 2022.
Abridged unaudited financial statements for the quarter ending 30 September 2022 by 30 November 2022.
By order of the Board
IBL Management Ltd
Company Secretary
28 September 2022
is communique is issued pursuant to Listing Rule 11.3 and Rule 5 of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007.
e Board of Directors of IBL Ltd accepts full responsibility for the accuracy of the information contained in this communique.
BRN : C07001778
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IBL Ltd. published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2022 16:26:49 UTC.
IBL Ltd is a diversified group organized around 7 areas of activity:
- mass retailing (32.4% of net sales): distribution of consumer products (food, wines and spirits, household goods, personal care products, stationery products, etc.), printing equipment and consumables, pharmaceuticals , medical equipment, chemicals and agrochemicals;
- agri-food (21%): production and processing of sugar cane, production and bottling of beverages, production and processing of fish, etc.;
- engineering and construction (20.6%): manufacturing of building materials, development of diesel and electro-diesel engine repair and maintenance solutions, engineering and construction services for construction and industry sectors, sales of industrial and agricultural machinery, rental, servicing and maintenance of building and handling equipment, ship construction and repair services, etc. ;
- hotel operation (14.8%);
- logistics and transport (4.5%);
- financial services (4.3%): banking, insurance, financing services, investment fund management, investment services, etc.;
- other (2.4%): property, pharmaceutical and cosmetic products research and development services, development of testing and certification solutions, etc.
Net sales break down geographically as follows: Mauritius (83.1%), Madagascar-Comoros-Seychelles-Reunion (7.9%), Maldives (3.9%), Europe (2.3%), the United States (0.1%) and other (2.7%).