VET made a provision of $5.5M for this audit in the H1 results, so a $2.5M return of funding as quoted here would be a good result.
VET knew this was coming; provided for it and told us - relates to BAMW (now gone) and CSIA.
As they comment in the article this figure is still being negotiated with the regulator so announcement wont come until that is finalised - anything under $5.5M is good news
The key going forward is for VET to quarantine and move on with Avana & Real which have not had these audit failure issues and are bringing in the $40-$50M annual revenue
VET Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
