Sounds like they have included 1m in grants etc as profit??? Am I reading that correctly. This is still a solid result, but there is a one off there. I feel like the real result is closer to 1m, then there is no tax for this result etc etc
Still nice growth in revenue, and high margin business could be the start of something special, but I wouldnt be just doubling that result and applying a PE to it. Either way I am in for small amount.
Ann: AtCor to report profit for H1 FY2013 , page-26
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