Well picked up dannytwo
The Board achieved this by removing all revenue and contributions from the International business, which significant and $8m +.
Now they compare their current numbers to the previous Australian and New Zealand numbers only, ie a significantly smaller refence number (denominator) which if course makes their numbers look much better than they actually are.
They've been call this 'normalsing' the numbers.
You can verify this for yourself by looking at their footnote references in the small print.
Keep digging further, you'll find more like this...
Ann: Trading Update, page-35
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2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.66M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 319269 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 444998 | 1 |
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