RE: Announcements due soon13 Aug 2024 08:59
Anyone understand these paras, i.e what they mean in plain english?
I don't - does the person who wrote it undertsand them even?
'in their judgement, the company's profit and loss suggested margin for just low single digit growth in operating expenditures when one took into account depreciation and amortisation expenses as well as provision releases.
Yet space growth and cost inflation were pegged to grow at rates in the mid single digits, resulting in a roughly 350 basis point gap between depreciation and amortisations on the one hand and capex on the other.