DGL - DGL Group

[NOCASH]

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?

[Azz]

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."

[winner69]

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?

If ‘normalised’ yes it was $50m last….but because it was a bonanza year with a lot of catch up it was really $65m last year

[NOCASH]

OK, so an easy calculation is FY 22 minus $15 million = $50M compared to $64.1M FY 23 equates to 27%?

[Azz]

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.

[Azz]

The figure was mentioned in the '22 so I don't think chicanery here. But it's still accounting magic lol.....

[Azz]

This is good: "Sales revenue of $466.0 million, up 26% on FY22 and in line with guidance"

[moimoi]

$15m neither here nor there in the scheme of things surely.. ;-(

Any views on the Board changes....?

GLTA.

[Azz]

$15m neither here nor there in the scheme of things surely.. ;-(

It means absolutely nothing, financially. It's just accounting BS at the discretion of management.

[Azz]

Any views on the Board changes....?

Two out; two in. :-)