Statutory earnings growth is double guidance due to the one off profit from a commercial lease settlement in the US. Underlying earnings growth however is in line with previous guidance at 10 to 15% which is still a good performance. Earnings growth is lumpy on a year to year basis but the company always gives good guidance on earnings.
The relatively low turnover suggests the majority of investors do look through the individual reports and focus on log term trends. Thankfully we don't have quarterly reporting in Australia which would be counter productive for monitoring performance of a company like Wellcom.
WLL Price at posting:
$5.39 Sentiment: Hold Disclosure: Held
