Just for interest sakes pulled up 2011 Annual Report
Emblazoned across the front page AN ENDURING VISION
It’s lasted 10 years that vision ;)
Printable View
Strong cash flows and strong balance sheet ....profit announcement
That’s good
http://nzx-prod-s7fsd7f98s.s3-websit...730/328084.pdf
It seems all the 'dogs of the NZX' have been doing well recently (and by well I mean not badly)... PEB a few weeks back, STU yesterday and FBU today...
The trouble is the new accounting standard on leases changes the make-up of operating cash flows a lot since, I think, all the payments for leases etc, go thru as a financing cashflow item rather than an operating cashflow item. so the operating cash flows are not easily compared YoY when the most recent period will reflect an accounting change which benefits the most recent period.
(please correct me if I am wrong)
Seems like a loss announcement according to this article......but then what do journalists know!?
I bet they are using the COVID issues to do more housekeeping.