ECO hit a perfect storm in H1, with a significant accounting review coinciding with unprecedentedly weak market conditions in two of its largest markets. A line in the sand has been drawn with a number of accounting restatements, mainly relating to revenue recognition and the capitalisation of R&D, with no material impact on cash. This should be reassuring given the inevitable uncertainty this has caused. Similarly, the outlook is showing tentative signs of improvement. We make no materia
31 Dec 2019
Storm weathered, calmer waters ahead
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Storm weathered, calmer waters ahead
ECO Animal Health Group plc (EAH:LON) | 94.0 0 0.0% | Mkt Cap: 63.7m
- Published:
31 Dec 2019 -
Author:
Chris Glasper -
Pages:
3
ECO hit a perfect storm in H1, with a significant accounting review coinciding with unprecedentedly weak market conditions in two of its largest markets. A line in the sand has been drawn with a number of accounting restatements, mainly relating to revenue recognition and the capitalisation of R&D, with no material impact on cash. This should be reassuring given the inevitable uncertainty this has caused. Similarly, the outlook is showing tentative signs of improvement. We make no materia