TGA thorn group limited

Coopers Bots have not been created that can read and understand...

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    Coopers

    Bots have not been created that can read and understand a performance announcement.

    I expected NPAT to rise by about 10%, so I was initially disappointed. Reported NPAT was only $15.385m compared to $15.164m for the previous comparable period. However, there is an element of timeshifting at play, because in the past some customers overpaid TGA by continuing to pay after their leases expired. TGA has had to adjust profit by $2.8m to cover this. Unless there is something else that I missed, this matter would have reduced NPAT by $1.96m in the six months ending 30/09/2015. $15.385m + $1.960m = $17.345m looks a better than $15.385m.
    Last edited by Pioupiou: 17/11/15
 
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