Thursday, December 13, 2007

Transcontinental needs more time to restate earnings

According to a story carried by Reuters, Transcontinental Inc. needs a bit more time to release its latest financial statements while its auditors finish their work following a restatement of historical results. (Transcon announced last week it had found $20 million in accounting errors.)

The new release date is Dec. 18. They were originally expected today.

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