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1.IPO results

31 July 2018 (AFR) – IPO perf: Big Un reports $52m half year loss

(31 July 2018, AFR, p27, by Jonathan Shapiro)

‘Big Un Limited, the controversial small business video production company, has reported a $52.2 million net loss for the half year to December 2017 as it published its long overdue accounts. The delay in filing its half-year accounts had already forced the regulator to ban the company from issuing shares without a prospectus and threaten it with court action. But on Monday, Big Un finally published its half year numbers, reviewed by West Perth-based accounting firm Rothsay Audit which t had previously conducted the audit of the company’s full year accounts to June 30, 2017. Big Un chairman Nick Jordan told investors the company had adopted new accounting standards that meant funds from “sponsors” were no longer being recognised when received.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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