Market reacted as expected
I just don't understand the announcement - it is bordering on misleading/deceptive
I agree it is factual, but it makes no sense.
Why would the only profit metric they compare be FY14 NPAT (distorted/increased by a very low effective tax rate) to FY15 NPAT( distorted/lowered by a large one off - forex transalation)??
Why not present at a minimum NPBT (as per half year announcement) or preferably underlying NPBT or EBITDA
Makes no sense at all. This was SDI's best half performance, at least in revenue, and without seeing the numbers pretty close to a record EBITDA, yet it reads as though the company is going backwards.
Ann: June 2015 Trading Update, page-3
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