Forum Archive Index - August 2000

[Mike Hudson <MHudson@placemakers.co.nz>]

John wrote
"Nick,You say "no big news" but profit up 97% is surely pretty impressive.
Likeyou though, the market looks like it was perhaps expecting something
else asthe share price has dropped under $3 again. I do have a couple of
queries however about their announcement.Could anybody enlighten me as to
what is meant by "normalised profit" ?How can profit be up 97% but earnings
per share only up by 41%? Surelyprofit is earned for shareholders and if
this is up by 97% then earnings pershare should also be up by
97%?CheersJohn"

My guess is that although it  is not stated in the release it is probably
because there were more shares on issue compared to the equivalent period
last year.  

Mike  



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