VRS 0.00% 3.8¢ veris limited

Ann: Appendix 4D - 1HFY20, page-5

  1. 125 Posts.
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    Yes - that is how I read it.

    "Veris Group EBITDA2 was $1,552,000 for the period (1H FY19: $1,842,000) being a 16% decrease on the prior corresponding half. EBITDA normalised for the adoption of AASB 16, Leases results in an EBITDA loss for the period of ($801,000) 143% decrease on the prior corresponding half."

    2018 would also have been restated based on AASB 16.

    They are trying to also highlight the $3.2m loss from discontinued operations as a non recurring item...I haven't worked out if that is the Elton loss on sale or discontinued surveying/aquora operations. If it is Elton they need to also add back the $900k dividend Elton was supposed to pay Veris Group.


 
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