Step One Clothing: Back to Square One - Trading update disappoints

By Alexander Mees

23 December 2021, 9:00 AM

Step One Clothing (ASX:STP) disclosed that it had found that it has been overclaiming GST credits in respect of an overseas-based advertising supplier. To rectify this issue, it needs to make an adjustment to prior and current year marketing expenses, but despite this, it reaffirmed its prospectus forecast for EBITDA in FY22 of $15m.

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