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Last edited 5 years ago
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#Financials overstated.
stale
Added 5 years ago

In their latest ASX announcment, LBL were saying they had a 635% increase on EPS.  0.17c increasing to 1.25c.

The information I have (CommSec) says that EPS as at JUL 17 was 1.2c and JUL 18 was 1c.

This is confirmed by LBL's own 2018 report which I found on ASX.

Can someone smarter than me please explain?

I haven't looked at their revenue distribution across the year but that would imply an incredible H217.  But IMO I wouldn't expect LBL to be blowing the lights out come next reporting season.