I'm no accountant, but surely tax is not that simple with carry forward loss provisions and post fiscal year reconciliation. They actually had a tax credit of $2.6M for the first half, does that mean they had a $10M loss? Or did they over pay in 2021 and get a 'tax return'? If you add the 2021 and 2022 pre tax profit you get just under $50M. 25% of that is about $12.5M. Add the tax expenses over those two years and you get $12.9M.
LOM Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
