result came in above my expectation - I was sitting on $6m NPBT - actual $7.6m
but the actual is post the adoption of IFRIC SaaS adjustment which has the impact of expensing more previously capitalised software whereas my forecast was not post adoption and in line with historic policies. So on a like for like basis it was even more than my forecast and consensus estimates.
I see they should have made that adjustment in FY22 (now restated ~$1m lower). Starting to see why there is a new auditor and CFO in place. Will make restating model's a pain (but high class problem given today's result).
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result came in above my expectation - I was sitting on $6m NPBT...
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