EOS 2.22% $1.62 electro optic systems holdings limited

nice article in todays afr, page-11

  1. 1,862 Posts.
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    Willo134,

    Yep, it looks like EOS need a lesson in maths.

    Their 30th June 2010 earnings = $1,995,881

    The number of shares on issue = 56,845,926

    $1,995,881 divided by 56,845,926 = $0.035 or 3.5c.

    They were correct with their 2009 earnings being 0.29c so this is an increase of over 1100% & a big cock up by EOS in not recognising the fact.

    The 30th June 2009 half year earnings of $163,937 is actually $0.00288 or 0.288c per share rounded to 0.29c.

    One would think that maths would be a strong point for EOS.

    If you had not highlighted the earnings I would not have picked up on the error & realised that EOS have improved more than first thought.

    Cheers,

    Bob
 
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