ALC 3.57% 5.8¢ alcidion group limited

Ann: Q2 FY23 Quarterly Activities Report and Appendix 4C, page-45

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 601 Posts.
    lightbulb Created with Sketch. 123
    Does anyoe know how the gross profit margin of 2020 was (i)26% in the "FY2020 Results Presentation" (dated 9 September 2020)
    https://hotcopper.com.au/data/attachments/5010/5010484-94bbb53d928cea060fe7542b4679bb43.jpg

    But changed to 85.9% in "FY21 Results Investor Presentation" (dated 15 September 2021)

    https://hotcopper.com.au/data/attachments/5010/5010491-96d9b4e6a666ff993c3ba4d867727aea.jpg


    Did we need the narrative to change (high-gross margin business) and therefore shifted the accounting standards accordingly?
    Last edited by maxkieh: 30/01/23
 
watchlist Created with Sketch. Add ALC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.