Promisia Healthcare Limited (NZX:PHL) has identified an error in its previously released unaudited full year results, resulting in a $700,000 adjustment to the carrying value of Ranfurly Manor.
The annual report, including audited financial statements, will be released by the end of this month, with the adjustment having a net positive impact on the full year results.
Notable changes include income decreasing from $21.0 million to $20.1 million and total assets decreasing from $52.1 million to $51.4 million.
There is no change to reported EBITDAF, cash or debt, and Promisia remains compliant with its bank covenants.
An updated results announcement has been issued.See more