The Philippine Stock Exchange has penalized Centro Escolar University for failure to submit its annual report on time.
The Mendiola-based school, owned by the Yap family, failed to submit its 2019 annual report on or before the extended deadline of September 12, 2020. The PSE didn’t indicate the penalty.
A listed firm has up to 105 calendar days after the end of the fiscal year (or any valid extension) to submit its annual report.
CEU posted a net income of P187 million in fiscal year 2019 (ending March) , up 70 percent from P110 million in 2018.