GREY:CLRYF - Post by User
Comment by
Trelawnyon Aug 01, 2017 10:43am
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Post# 26533179
RE:RE:RE:NEWS OUT
RE:RE:RE:NEWS OUTDigitel
Obviously you know little to nothing about accounting. It is much easier to know revenue numbers - however expenses require time to collect. You can have bills that been incurred but not yet sent, expenses which need to be submitted, etc, etc. Revenues are accurately and more quickly reflected into the system. Expenses are not as easy to collect and reflect into a press release within the month.
The regulators wanted a more balanced view and would not let them simply release revenues numbers - they wanted more costs included. Because of this request - it made it practically impossible to put together releases on a monthly basis.
So - while I would like them to continue to put out monthly revenue numbers - the regulatory request to add the costs made it too difficult to fulfill.
Also - they also just announced a new client win. There is also that.
Best regards,
Colin Fisher