"I thought the guidance was that there is a backlog on delivery so whilst not quantifying it a clear indication of improvement for this quarter."
Actually, it was quantified on a number of occasions.
The month of June alone accounts for about 20% or 25% of DTL's annual invoiced revenue, which means that was happens in June months is critical.
And in the past June, the computer chip shortage issue to which they referred last month specifically mentioned meant that $3m in Pre-Tax Profit slipped from FY2021 in to FY2022.
And that figure was re-stated again in today's result.
And $3m in the context of $23m of second-half Profit Before Tax is a big deal.
Needless to say that's why they say this year is off to a good start: they started it with $3m of PBT already in the bank!
That's 22% growth on DH20's $13.9m PBT already in the bag, before any normal organic growth.
But for some inexplicable reason the market appeared to only twig onto this timing dynamic today, despite there really being now new information imparted by today's result.
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