Thanks for your reply firsova. I'm not sure how you get $1.5m EBIT.
They don't pay any tax and interest for the last 12 months was $646,000. Debt has been reduced by about 2/3 so presumably net operating cash flows will increase by around $400,000 next FY assuming trading conditions remain the same.
That gives EBIT of around $600,000 doesn't it?
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