Fundie warns on results inflated by virus-related payments

The demands are growing louder for companies to fully disclose the extent to which government cash handouts and tax concessions are impacting their results.

With the August earnings season poised to be dominated by COVID-19, Matt Nacard, chief executive officer of asset manager Ethical Partners Limited, said companies must also disclose how debt or rental repayment deferrals were artificially inflating results.

"We believe that every listed company needs to outline the full extent of COVID-oriented assistance received," Mr Nacard said. "It will materially impact company results across most sectors."

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