chances vpg go under, page-21

SB I believe the last announcement included significant real profits. The problem was the write down of holding properties being translated to the P&L via the revaluation reserves account.
I am pretty sure that VPG made a profit previously.

Can someone with better accounting knowledge please confirm or deny the above.

Profits will be down but expect VPG to still be running an operational profit at the moment? Do others agree.