Profit UP 20% on a Already Good Equivalent Prior Period, page-12

I have to retract my comments about accusing this company of not comparing some metrics to PCP to make the outcomes appear better.

My incorrect recollection is about NAN's management not presenting standard disclosures statements.

The following comments were made about NAN.

Wow. By convention, though, almost all companies report sales growth relative to the prior corresponding period – that is, the equivalent quarter last year – not relative to the quarter directly preceding this result. The reason is that reporting one quarter to the next may contain seasonal distortions or short-term effects.

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