Question: Based on the information provided, explain the differences between the following two disclosures contained in Convatecss earnings release: A. The CEO Review of 2016 results

Based on the information provided, explain the differences between the following two disclosures contained in Convatecs’s earnings release:

A. The CEO Review of 2016 results states that adjusted EBITDA was USD508 million, up 6.5 percent at constant currency.

B. Convatec’s Consolidated Statement of Profit or Loss shows 2016 net loss of USD202.8 million and 2015 net loss of USD93.4 million.

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