Ann: Profit Guidance, page-3

A somewhat substantial upgrade for the current half:

In January:  "JH2022 Profit Before Tax (PBT) to be similar to JH2021"
Now:  "FY2022 PBT to be in the order of $16m"

Here's what BPT past half-years were, including previous guidance for JH2022 ($m):

DH2020: 4.10
JH2021:  4.66
DH2021:  9.67 (reported, $8.8m excluding NRIs)
JH2022: ~4.7 ("similar to JH2021")


And here are those figures amended for today's update:

DH2020: 4.10
JH2021:  4.66
DH2021:  9.67 (reported, $8.8m excluding NRIs)
JH2022: ~6.33  ("full-year - $16m")


So, a case of,

"We thought JH2022 was going to be about $4.7m, but actually its now going to be $6.3m."

In other words, a casual 35% upgrade.

[Its whats known in finance circles as "under-promise and over-deliver".
Korvest managers have been making a bit of a habit of it in recent years.]

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