Ann: Clover 2018 Annual Report, page-3

Pretty decent performance for the year.

Just one thing i noticed, in the report for revenue (p. 4) it states:

Chinese regulations have changed with new regulations requiring brands to be registered and
licensed. This appears to have improved the demand of many of Clover’s customers, whilst smaller
brands have not achieved licensing or have lost favour with customers

Yet the revenue across regions shows little change in Asia (p 61):

Revenue from
external customers Non-current assets
2018 2017
$'000 $'000
Australia / New Zealand 37,650 24,032
Asia 18,485 18,260 - -
Europe 4,111 3,195 - -
Americas 2,715 2,377 - -
Total 62,961 47,864

Any LT holders know if this because China is not a big focus or whether it is related to the timing of when they got their license for China? I guess if they only recently got their license it would make sense for having slow growth for the year.