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The
T&T Stock Exchange (TTSE) has granted Trinidad Cement
Limited (TCL) an extension to its deadline for the submission
of its 2007 financial results to the exchange.
The statements are now expected to be submitted not later
than April 30, 2008.
The TTSE granted the extension in response to a request
from the company.
TCL asked for the extension because of what it described
as “an outstanding issue to be resolved relating to
a transaction which is material to the financial statements
of one its subsidiaries.”
In a statement, the TTSE said, this transaction will result
in a material adjustment to TCL’s consolidated financial
statements and its board considers it inappropriate to finalise
the group’s financial statements for 2007 without accounting
for this transaction.
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