The board of directors of micro-financier Access Financial Services Limited (AFS) will not declare a dividend for its latest quarterly results.

The board met on July 10 and decided not to declare a dividend for the June 2023 quarter. According to the board, “this decision reflects prudent liquidity management to facilitate increased business development and loan disbursements.”

In the previous March quarter, the board declared a dividend payment of J$0.10 per share.

In the meantime AFS wishes to advise that the publication of the Audited Financial Statements for the year ended March 31, 2023, will be further delayed. AFS anticipates that the Audited Financial Statements will be made public on or before July 31, 2023.

This delay is because Access Financial’s auditors require additional time to complete their audit procedures.