A central part of being a listed company is releasing results twice a year and these results need to comply with International Financial Reporting Standards (IFRS).
However, while the main results will comply with IFRS as required, management can introduce new terms and concepts to their results.
In this Power Hour session Keith McLachlan, Small Cap Fund Manager at Alpha Wealth, unpacks how management window-dresses results with normalised numbers, focusing on metrics that look good while hiding metrics that look bad.
Using local examples, Keith helps us cut through the noise of results, getting to the real numbers that matter.
- PDF of the presentation is here.
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