Half Year 2020 Adacel Technologies Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Adacel Technologies Limited Half Year 2020 Results Conference Call. (Operator Instructions) I would now like to hand the conference over to Mr. Daniel Verret, CEO. Please go ahead.
Thank you. Good afternoon, ladies and gentlemen, and thank you for joining us on the financial results call for the half year ended 31 December 2019. I'm joined by Michael McConnell, Chairman of the Board of Adacel Technologies Limited; as well as Kevin Pickett, VP, Operations. I apologize for the late filing. So before I get into the prepared remarks, I will read the headlines from the press release.
Adacel delivers first half PBT above prior period, excluding one-off items; reinitiates ordinary dividend; and updates guidance for FY 2020.
Profit before tax of $2.6 million, excluding $0.5 million related to nonrecurring litigation costs and the impact of the adoption of AASB 16.
As of February 19, 2020, approximately 93% of forecast revenues for
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