Company Results

[laurie]

Can someone please explain whey some companies in February have Final Results while some have Interim Results! should they all have the same results at the same time

cheers laurie

[TheAnalyst]

Can someone please explain whey some companies in February have Final Results while some have Interim Results! should they all have the same results at the same time

cheers laurie

Well....I am an accountant so i should know this.....its because some companies have applied to the tax office and have had there end of financial year on December 31 rather than June 30...

[It's Snake Pliskin]

Can company results be trusted?

[TheAnalyst]

Can company results be trusted?

Of course...because accountants produce them according to IAS's and AASB's in accordance of the Corporations Act.....just look at Onetel, HIH, Bond corp, Quintex, Waterwheel...see accountants produced all their company accounts..... :goodnight

[It's Snake Pliskin]

I knew that would be the answer. It just affirms my choice of trading.

[TheAnalyst]

Does anyone know what sent Onetel down the gurguler??

The accountant who was entrusted to work out the price deals incorrectly did his calculations and sold the phone packages less than what it cost to make them available.