Result not as good as they make out, albeit they have been hit with water & wine prices, they have also benefitted from currency.
These guys continue to confuse the average punter with their insistence on including SGARA, a non-cash item, in their numbers and commentary.
If you adjust out SGARA then the result is in-line with last year at ~$12.5m. Cash bonus to the MD and his senior exec's in this light is a bit of a question....
Ann: AVL Full Year Results Release 30th June 2020, page-3
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