Following on from our earlier post Just Tell it to us Straight bemoaning the poor disclosure of ASX companies, crane operator Boom Logistics has a beauty.
It reports its 'trading result' excluding the impact of asset written down for sale:
But incredibly is quite happy to include in it's trading result any profit on the sale of equipment:
I asked the managing director about it and he thought this was all fine. Unfortunately not even dodgy adjustments can make the operating margins or return on capital in this business look respectable.
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