Wedge Holdings (2388) · RiskRestated
Pressure on Profit from Accounting Adjustments at Sri Lankan Affiliate Commercial Credit and Finance PLC
First written in FY2019-Q3. 1 of 2 entries say "Restated". Latest entry: FY2019.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Recognition of a Loss on Investments Accounted for Under the Equity MethodA theme 90 companies write about · 90 as a headwind · 0 as a tailwind
The whole theme swung hardest in 2023: 19 of 70 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 90 companies compared. The sentences above are computed from all 90.Full recordFilings, disclosures and news, newest first
- FY2019RestatedAnnual report
「Profit declined because a one-off accounting adjustment was made at the equity-method affiliate Commercial Credit and Finance PLC of the Democratic Socialist Republic of Sri Lanka, while ongoing litigation costs and other expenses also acted as a drag.」
The company explained that a one-off accounting adjustment at Sri Lanka’s Commercial Credit and Finance PLC was a factor behind the full-year decline in profit, and described the adjustment as temporary. - FY2019-Q3First statedAnnual report
「Profit declined because Commercial Credit and Finance PLC, an equity-method affiliate in Sri Lanka, made accounting adjustments, while ongoing litigation costs also acted as a drag.」
The company explained that a temporary accounting adjustment at Sri Lankan equity-method affiliate Commercial Credit and Finance PLC reduced profit in the Digital Finance business, together with ongoing litigation costs.