Publish the annual return for 2007 of Malta Shipyards Ltd

The government should publish the financial results of Malta Shipyards Ltd for the year 2007 in the wake of imminent privatization plans. In the current debate, it is not understandable why financial performance figures of the company are kept under the table.

Being a public company, the management is also accountable to the public. The Government Finance Data for the period of January to June 2008 published by the National Statistics Office on the 25th July 2008 does not clearly indicate the actual finacial situation of Malta Shipyards Ltd. The anuual return submitted on the 6th december 2007 to MFSA does not contain any figures.

The workers and the public have a right to be informed about the performance and the liabilities of the company. The government must give a clear picture of the financial burdens which might incur to the tax payer.

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