CGC costa group holdings limited
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The answer seems to have something to do with accounting for...

  1. Blackswan
    55 Posts.
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    12/10/18
    10:34
    Post #: 36098195
    The answer seems to have something to do with accounting for minority interests.
    Have a look at the annual accounts and ASX profit announcement. NPAT of $115 includes "$48m gain from the consolidation of the 49% interest (in African Blue) previously held".
    I reads that as meaning the real profit was only $67m (up from $58m in 2017).
    So I think Morningstar and other "normalise" EPS from the reported 36c to 22c (up from 18c in 2017)
    CGC Price at posting: $6.48 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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