ALC 1.89% 5.4¢ alcidion group limited

Ann: Q2 FY23 Quarterly Activities Report and Appendix 4C, page-45

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  1. 601 Posts.
    lightbulb Created with Sketch. 123
    Does anyoe know how the gross profit margin of 2020 was (i)26% in the "FY2020 Results Presentation" (dated 9 September 2020)
    https://hotcopper.com.au/data/attachments/5010/5010484-94bbb53d928cea060fe7542b4679bb43.jpg

    But changed to 85.9% in "FY21 Results Investor Presentation" (dated 15 September 2021)

    https://hotcopper.com.au/data/attachments/5010/5010491-96d9b4e6a666ff993c3ba4d867727aea.jpg


    Did we need the narrative to change (high-gross margin business) and therefore shifted the accounting standards accordingly?
    Last edited by maxkieh: 30/01/23
 
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