RE: GS20 exchange27 Sep 2025 16:32
HH further into the report;
"On 18 July 2025, the Group initiated arbitration proceedings against the former sellers of Semnet Pte
Ltd for alleged breaches of non-compete and employment obligations. If resolved in the Groupβs
favour, this may result in recovery of profits. As the matter arose after year-end and remains
uncertain, it is classified as a non-adjusting event, and no asset has been recognised in accordance
with IAS 37."
So yes, not as much profit as expected...