SSX smorgon steel group limited.

useless profit warning

  1. 10,372 Posts.
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    only a couple of days after QAN saw fit to issue an unqantified profit warning, SSX have done the essen tially the same thing.


    In presenting its results for the six months ended December 2002, the
    Company advised the market that it expected its financial results for
    the second half of the financial year to be better than the first
    half. This remains the case, although the extent to which the second
    half results exceed the first is likely to be less than forecast by
    some analysts.


    whatever the last sentence means is anyones guess.

    management obviously have a "likely figure" in mind, so why not tell the market so that it can be "properly informed"

    hope they are hauled over the coals.
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