This is the SMH statement.
"A Mirvac board meeting today is expected to discuss the tough times ahead, and later managing director Greg Paramor is expected to announce a 13 per cent profit downgrade to about $240 million for 2005-06, rising to about $280 million the following year."
I think the journalist has made a bad calculation. There are 720,619,239 shares.
That would make earnings per share .33 for 2005-6
and .39 for 2006-7.
On Comsec the earnings for the same periods are .31 and .347
Please any comments would be appreciatied.
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