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General Announcement::2015 Full Year and 2016 Quarterly and Full Year Results - Indicative Announcement Dates Issuer & Securities

Issuer/ Manager

NEPTUNE ORIENT LINES LIMITED

Securities

NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03

Stapled Security

No

Announcement Details


Announcement Title

General Announcement

Date & Time of Broadcast

12-Jan-2016 17:17:20

Status

New


Announcement Sub Title

2015 Full Year and 2016 Quarterly and Full Year Results - Indicative Announcement Dates

Announcement Reference

SG160112OTHRC9CR

Submitted By (Co./ Ind. Name)

Looi Lee Hwa (Ms) & Wong Kim Wah (Ms)

Designation

Company Secretaries

Description (Please provide a detailed description of the event in the box below)


Please refer to the Company's announcement (attached).


Attachments


2016 Results Announcement Dates.pdf Total size =127K

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http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announcem...

12/1/2016



NEPTUNE ORIENT LINES LIMITED

(Incorporated in the Republic of Singapore) Company Registration Number: 196800632D


NEPTUNE ORIENT LINES LIMITED ("THE COMPANY") 2015 FULL YEAR AND 2016 QUARTERLY AND FULL YEAR RESULTS - INDICATIVE ANNOUNCEMENT DATES FOR SGXNET ANNOUNCEMENT


The Company wishes to announce the indicative dates for the release of its 2015 full year and 2016 quarterly and full year financial results as follows:


CALENDAR YEAR/QUARTER- END DATES

THE COMPANY'S YEAR/QUARTER- END DATES (BASED ON ITS ACCOUNTING CYCLE )

LATEST ANNOUNCEMENT DATES ON CALENDAR BASIS

THE COMPANY'S SCHEDULED ANNOUNCEMENT DATES

December 31, 2015

December 25, 2015

February 29, 2016

February 23, 2016

March 31, 2016

April 1, 2016

May 15, 2016

May 13, 2016

June 30, 2016

June 24, 2016

August 14, 2016

August 4, 2016

September 30, 2016

September 16, 2016

November 14, 2016

October 27, 2016

December 31, 2016

December 30, 2016

March 1, 2017

February 24, 2017

(to be confirmed)


As the Company and its subsidiaries (collectively, the "Group") adopts a '6-week' accounting cycle for the first and the last periods (i.e. P1 and P12), and a '4-week' accounting cycle for the rest of the year (i.e. from Period 2 to Period 11), the accounting year/quarter end dates of the Group are not aligned with the calendar month end dates. The reasons for adopting an accounting cycle with its year/quarter end dates perpetually falling on Friday are explained as follows:


  1. As a global liner group, the Group operates its business worldwide on one accounting system. With the year/quarter end dates always falling on Friday, all the 'subsystem interfaces' batch jobs are scheduled and carried out over the weekends. This arrangement limits the disruption made to the business operations, especially for those processes which heavily rely on the availability and performance of the accounting system.


  2. This ties in with the weekly voyages deployed by the Group in most of its trade lanes.


Despite the fact that the year/quarter end dates of the Group may fall before or after the calendar month end dates, the Company is committed to announcing its financial results earlier than the latest announcement dates that are derived based on the end of the calendar year/quarter. For details, please refer to the above table.


Looi Lee Hwa (Ms)/Wong Kim Wah (Ms) Company Secretaries


12 January 2016

NOL - Neptune Orient Lines Limited issued this content on 2016-01-12 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-12 11:39:34 UTC

Original Document: http://www.nol.com.sg/wps/wcm/connect/e100ad804b4889a89624bfc88acd9daa/NOL+2015+Full+Year+and+2016+Quarterly+and+Full+Year+Results+-+Indicative+Announcement+Dates.pdf?MOD=AJPERES&CACHEID=e100ad804b4889a89624bfc88acd9daa