Perth-based PCH Group Ltd will see a reduction in current liabilities by $1.5 million and an increase in profit before tax by $1.5 million for it's 31 December 2005 half yearly results.
Perth-based PCH Group Ltd will see a reduction in current liabilities by $1.5 million and an increase in profit before tax by $1.5 million for it's 31 December 2005 half yearly results.
This will occur as a result of the company advising that a recent offshore tax audit determined that certain provisions on the company's balance sheet were no longer required.
The adjustment is a one-off and is being disclosed on the basis of materiality.
Outside of this reversal the company advised that it continues to trade strongly and is well ahead of its position at the same time last year, consistent with the chairman's comments made at the company's AGM.
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