Profit guidance?, page-2

Before the JV's started to emerge we used to get the forecast in December when what would likely be delivered and booked was known.

The more significant the earnings from JV's become the less control VMT has over timing.

As soon as they are aware what the profit is likely to be they are duty bound to announce it particularly if it is materially different to the record result they have forecast.

Form todays Australian.
"Geelong-based plantation management and woodfibre export company Midway has paid $33,000 to ASIC for allegedly breaching ASX disclosure obligations in February last year, but denies any wrongdoing.

An infringement notice from ASIC alleged the small-cap business breached listing rules for nine business days between February 11 and 24 last year. While Midway became aware of its first half sales revenue being materially lower than the previous corresponding period on February 11, it did not tell the ASX until its results were released on February 24,