MTCC asks for another extension on publicizing long-delayed financial reports

Maldives Transport and Contracting Company (MTCC) has requested another extension from the Capital Market Development Authority (CMDA) to publicize its long-delayed financial reports. The state-owned company has three pending publications: Q4 2025 financial statements, the 2025 annual report, and Q1 2026 financial statements. The Q4 2025 reports were due on March 10, and the company has now requested a third extension, moving the deadline to August 20. MTCC stated it tried to meet the June 15 deadline but needs more time to finalize reports for shareholders' benefit. As a listed company on the Maldives Stock Exchange, MTCC is required to publicize its financial statements. Economic analysts warn that state-owned enterprises face mounting financial strain.

Maldives Transport and Contracting Company (MTCC) has requested another extension from the Capital Market Development Authority (CMDA) to publicize its long-delayed financial reports. The state-owned company has three pending publications: Q4 2025 financial statements, the 2025 annual report, and Q1 2026 financial statements. The Q4 2025 reports were due on March 10, and the company has now requested a third extension, moving the deadline to August 20. MTCC stated it tried to meet the June 15 deadline but needs more time to finalize reports for shareholders' benefit. As a listed company on the Maldives Stock Exchange, MTCC is required to publicize its financial statements. Economic analysts warn that state-owned enterprises face mounting financial strain.

Maldives Transport and Contracting Company (MTCC) has requested another extension from the Capital Market Development Authority (CMDA) to publicize its long-delayed financial reports. The state-owned company has three pending publications: Q4 2025 financial statements, the 2025 annual report, and Q1 2026 financial statements. The Q4 2025 reports were due on March 10, and the company has now requested a third extension, moving the deadline to August 20. MTCC stated it tried to meet the June 15 deadline but needs more time to finalize reports for shareholders' benefit. As a listed company on the Maldives Stock Exchange, MTCC is required to publicize its financial statements. Economic analysts warn that state-owned enterprises face mounting financial strain.

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