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Derrimon Trading Company Ltd expects to release its overdue 2025 audited financial statements by June 30, the food distributor said, after problems with its accounting platform delayed the accounts and triggered the suspension of its shares on the Jamaica Stock Exchange (JSE).
"During the course of its 2025 year-end audit, matters were identified requiring further review and validation prior to the finalisation of the company's audited financial statements," Derrimon stated in a disclosure to the market this week.
Chairman Derrick Cotterell told the Financial Gleaner that the move reflected the company's determination to ensure full and accurate disclosure rather than rush incomplete information to the market. "We prefer … the risk of suspending the shares than to … send out an incomplete report to the stock exchange," Cotterell said.
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