EOS 6.83% $1.30 electro optic systems holdings limited

Ann: Preliminary Final Report, page-4

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  1. 15 Posts.
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    They had already announced the 2019 drop in revenue and profit expectation to around $20 million in the 24/09/18 announcement.

    It was advised that the drop is due to new accounting standards pushing the recognition of revenue into 2020, so as far as I understand it's not a problem in an environment where the company is making a profit. Happy to be corrected though.
 
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