I don't see how to interpret these results. In a way, -1% revenue is better than the -3% that was being suggested in the market update. I think bad news factored in.
The one thing I can't work out, is when you add back the write down, do we still have a statutory loss!!? That is bad bad bad. The 'Reported Gross Profit' and 'Reported Net Loss' figures confuse me. What is a Gross Profit!?
Seemingly positive outlook without any numbers.
At least they paid down some debt.
I am not selling into this as I think bad news has been factored, and might consider adding if I can understand these accounts.
Ann: 2019 Full Year Results Media Release, page-3
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Mkt cap ! $376.8M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2115 | $4.43 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.44 | 120 | 3 |
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