A “material correction” needs to be made to previous financial statements.
In an ASX statement from CTM today, the final amount of the financial statements’ correction and the years to which it applies is still being determined.
The business became aware of the correction while preparing its consolidated 2025 full year results.
CTM has requested a trading halt pending the release of an announcement regarding the amended financial statements.
It has asked that the halt remains in place until the commencement of trading on 26 August.
More details in Monday’s issue of Travel Daily.