@SoWoEverLike I think you are looking at the wrong things with ALK which maybe clouding your judgement. Yes big gain on listed investments 21 and unrealised losses on listed investments 22.
Remove effect of listed investments and you get:
H/Y to Dec21 Profit Before Tax $69,616 - $48,334 = $21,283
H/Y to Dec 22 Profit Before Tax $34,824 - $0 = $34,824 = up 63.62%
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