Profit before income tax FY21 = $25.7m
Profit before income tax FY22 = $34.3m
Tax Expense FY21 = $984k
Tax Expense FY22 = $13.4m
Trying to compare FY21 vs FY22 NPAT is like comparing, cliched as it is, apples to oranges. You are comparing two completely different things.
Best to look at EBIT as then you are comparing apples to apples.
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- Ann: Appendix 4E and Annual Report 2022
Ann: Appendix 4E and Annual Report 2022, page-15
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