By Steve Moore | Wednesday 12 June 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Attractions design, production and fit-out company Paragon Entertainment (PEL) has updated including, “during the audit of the FY 2018 financial statements it has become apparent that following the adoption of IFRS 15, some revenue (and therefore the profits associated with that revenue) that was previously expected to be recognisable in FY 2018 will now be recognised in FY 2019. This mainly relates to a shift in the programme and therefore revenue/profit recognition regarding the company's Kidzania Abu Dhabi project. Therefore the company provides the following update to the guidance previously notified in the Trading Update dated 6 March 2019”. But hasn’t there been similar from it before?...
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