Stock Exchange gives TCL extension

In a statement, the TTSE said it has been advised by TCL that its request for the extension is due to problems experienced with the implementation of a new information technology system at its Jamaican subsidiary Caribbean Cement Company Ltd (CCCL).

TCL informed the TTSE that these problems have caused a delay in the finalisation of CCCL’s accounts and consequently, the completion of the consolidated financial statements of the group.

TCL assured the TTSE that the external audit of CCCL’s financial statements and TCL’s consolidated financial statements will be completed by May 31.