Fresh all time low...life is tough. Maybe the real impact of the IFRS change is known by people in the know. Yes increase in EBIT of $1.7M but...extract from 2019 results presentation
You rather "conveniently" left out the interest cost impact. See page 16 from the results presentation here
http://nzx-prod-s7fsd7f98s.s3-websit...180/304158.pdf
Just as well most professional investors and analysts will reverse this change out in their analysis isn't it :p
Half year results presentation makes it clear on page 11
http://nzx-prod-s7fsd7f98s.s3-websit...825/312604.pdf that net profit before tax for the current half was $0.6m lower which impacted Eps down from 4.5 cps to 4.2 cps.