RE: That was the week that was11 Mar 2019 12:39
As ignoring Separately Disclosed Item is irresponsible taking them into account as permanent fixture of the business can blur the business performance . Underlying figures relate purely to business and reflect its progress . Many positions from Sep.Discl.Items may disappear in the next results ,like Greek Tax provision , and some may be of lower value ( amortization of intangibles ) or even can be of plus value . Post tax lost does not look good but gvc is in very successful acquisitive mode for some year already .All this is known to the markets participants for years but some are clearly nervous .And finally , post tax lost can carried forward and offset against future profits .