Ann: FY22 Results Investor Presentation, page-5

"im buying more, cheap"

Cheap it is.

But even cheaper than the headline numbers appear, because of the arcane way that the accounts are struck.

I mean, who reports like this without even making any specific reference to it in the commentary or the presentation?




That's a $1.44 m delta, which was taken above the line.

And $1.44m is a big variance in the context of EBITDA of around $12m.

99.9% of other managements would call this out.
Not the SEQ folk.

They clearly don't want to ever stand accused of embellishing the company's financials!

.