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Material Improvement in FY21 Results Highlights:• SECOS expects to report a net profit of $2.6m (unaudited) for the year ended 30 June 2021, significantly up from the net loss of $1.2m in the prior comparative period.• The net profit includes $2.07m of deferred tax assets recognised as the Company has started to utilise tax losses carried forward but previously not booked.
Material Improvement in FY21 Results
Highlights:
• SECOS expects to report a net profit of $2.6m (unaudited) for the year ended 30 June 2021, significantly up from the net loss of $1.2m in the prior comparative period.
• The net profit includes $2.07m of deferred tax assets recognised as the Company has started to utilise tax losses carried forward but previously not booked.
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