So, 2 months before year-end, we said we thought the company would record an NPAT of $25m.
Given the first half was $15.3m, it implied around $9.7m in the second half.
As it happened, full-year NPAT came in at $26.9m, which means the second half figure was $11.6m.
So, effectively, second-half earnings actually 19% higher than expected just 2 months ago.
There's conservatism and then there's LYL grade of conservatism which has been demonstrated over many years.
Accordingly, the outlook statement in relation to FY2023 financial performance expected to be similar to FY2022 needs to be taken in the context of that acute conservatism.
I'll wager London to a brick that LY reports higher profitability in FY2023.
How much higher, I don't know... but certainly higher.
.
So, 2 months before year-end, we said we thought the company...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$12.23 |
Change
-0.030(0.24%) |
Mkt cap ! $486.0M | |||
| Open | High | Low | Value | Volume |
| $12.30 | $12.30 | $12.05 | $528.2K | 43.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $12.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.23 | 1335 | 2 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| LYL (ASX) Chart |