Had some fun reading the half year accounts, was alerted by the below regarding AJ Park (acquired on Oct 31 for $A60.5mil, funded by 33mil debt and issued shares):
"The acquired business contributed revenues of A$9,010,000 and profit after tax of A$46,000 to the Group for the period from 1 November 2017 to 31 December 2017. If the acquisition occurred on 1 July 2017, the full half year contributions would have been revenues of $23,300,000 and profit after tax of $1,430,000."
Half year profit = 1.43m, only?
Still early days, hope this acquired business will deliver the expected results for FY18.
Had some fun reading the half year accounts, was alerted by the...
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