Yep, that's about right but only fools and horses rely on Gross Profits. Fact is to 31/12 half year result is a loss of 3.7M$
Of more concern than the regular bleed is the extreme dilution resulting (in part) to a Debt to Equity Ratio of 155.3% from 6.2% over 5 years.
The entity is in rough waters for sure and the income needs to increase dramatically.
You need to be asking, as a SH, why the CEO and CFO pull in circa $1M combined when the company is reporting these killer numbers.
Ann: Diversified recycling offering through DB Schenker agreement, page-8
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