Azure's misleading disclosure

The clinical workflow company’s market update today lacks the required details to assess its full-year profit potential.

Azure Healthcare (AZV) has this afternoon given an update to profit expectations for the first half of 2014-15. I must say from the outset that it is potentially the worst attempt of market disclosure I have seen.

Management stated: “The Company wishes to advise that it anticipates a net profit after tax for the 6 months ended 31 December 2014 in the range of $0.8 to $1.2 million compared to NPAT of $2.17 million for the previous corresponding period.”



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...

  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles