I still don't understand than is $15 million, can anyone explain in layman's term? 65M announce last year was incorrect should it had been 50m?
Printable View
I still don't understand than is $15 million, can anyone explain in layman's term? 65M announce last year was incorrect should it had been 50m?
Footnote in '22 Presentation:
"4. FY22 normalisations figure of ~$15 million based on Management estimates, broadly calculated based on historic and expected future performance in certain markets. Occurred primarily in the Chemical Manufacturing division due to supply/demand imbalances."
OK, so an easy calculation is FY 22 minus $15 million = $50M compared to $64.1M FY 23 equates to 27%?
I don't like sort of crap: accounting magic... But I'm in this company for its revenue and the plan put in front of us for expansion.
The figure was mentioned in the '22 so I don't think chicanery here. But it's still accounting magic lol.....
This is good: "Sales revenue of $466.0 million, up 26% on FY22 and in line with guidance"
$15m neither here nor there in the scheme of things surely.. ;-(
Any views on the Board changes....?
GLTA.