Hi Ves
You are on the ball with the deferred acquisition reversal. Brings the result back more in line with what I was expecting. They do exclude other revenue in the gross profit growth figure presented (13.2%) but the rest of the growth figures have the 1.1M statutory accounting free kick included.
I hold DTL to high standards based on past performance in communication with shareholders and think they could have been clearer this time in spelling out the difference between this accounting peculiarity and economic reality. Didn't hide it but didn't really boldly point out how it flattered the result either.
Ann: DTL continues strong growth with profit up 30%-DTL.AX, page-10
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$7.47 |
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Mkt cap ! $1.159B | |||
| Open | High | Low | Value | Volume |
| $7.53 | $7.55 | $7.45 | $803.2K | 107.1K |
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| No. | Vol. | Price($) |
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| 11 | 754 | $7.46 |
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| Price($) | Vol. | No. |
|---|---|---|
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