Exercise caution when taking headline EBITDA figures. They are always "adjusted". No mention of the non-cash benefit of the new accounting standards! Go and have a look at the reported P&L and cash flow. They made a loss in H1. Hopefully full year will be $2m EBIT. This will go under 2c when financials are reported.
Ann: Market Update - Continued Success in Resources & Govt, page-18
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