Can anyone explain the following paragraphs as stated in the Preliminary Final Report? I mean, what is the 2nd paragraph trying to say?
(iii) Revenue and profit contribution
The acquired business contributed revenues of $210,500 and a net loss of $19,407 to the group for the period from 19 May 2017 to 30 June 2017.
If the acquisition had occurred on 1 January 2016, consolidated pro-forma revenue and net profit of the year ended 30 June 2017 would have been $1,008,000 and $89,396 respectively.
XPE Lounge, page-3248
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