It is because CS can read the financial announcements properly. The announcement of $15 million profit is misleading. All these so called profit is due to disposals. They are not real profits. As you can see the revenue has decreased from $2.4 million in 2019 to $1.7 million in 2020. How can a company make $15 million profits from $1.7 million revenue? I am sure that is what ASX is asking? As far as accounting standards are concerned, the company is correct, but they should not highlight that fake profits.
Ann: Trading Halt, page-64
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