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NetComm slips out poor result

On the last day of reporting season, NetComm announced its net profit plummeted 103 per cent.

It is widely believed that companies with a weak profit result will issue the news late in the reporting season. Those with terrible news will go a step further and release their announcement after the market closes on a Friday.

While some experts say there is no statistical evidence to support this theory, NetComm will send conspiracy theorists into a tizzy as it released its half-year report and accounts at 3.58pm today.

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Original URL: https://www.afr.com/policy/netcomm-slips-out-poor-result-20100226-iubk5