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Many thanks for checking and sharing, @neoteric

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Transversal

1,036 Posts.

382

01/03/16

15:15

Post #: 17156210
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Originally posted by neoteric ↑

Hi Transversal and Travelightor.

I was also bemused about the outlook statement, particularly considering the solid trading experienced in 1H2016. So I asked the company exactly what they were referring to when they stated that EPS in FY2016 is expected to remain at the FY2015 level. They confirmed what I suspected, they are referring to Operating Profit After Tax (in calculating EPS).

If you review the FY2015 result you will note a $1.9m additional amortisation charge (before tax), being an impairment loss on the carrying value of intellectual property. If this is removed from the Statutory NPAT, the Operating NPAT is about $7.2m for FY2015. If this is the level of earnings is again achieved in FY2016, we should see 2H2016 NPAT of $2.5m.

Let's hope so!

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Many thanks for checking and sharing, @neoteric

BYI Price at posting: $1.01 Sentiment: None Disclosure: Not Held
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