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10:43
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Originally posted by madamswer
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While PBT and NPAT growth of 24% appears impressive, the quality of this result is not quite there with this result given they booked a $7.4m reversal of a contingent consideration - a meaningful number in the context of PBT of $52.7m. On the other hand, they invested around half of that back in to additional Marketing, so the true net NRIs can be argued to be around $4m.
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Look at appendix F - there is also a derecognition of acquired intangible assets for net 0.6m PBT
(20min delay)