That barely counts as a net profit when it includes $60m one off write up. The income statement makes it clear. Big loss for the underlying business, but that's for 3 months of production, 12 months of costs.The quarterlies are more useful now, which recently suggested cashflow positive.
But I think they have to disclose the financial issue because of the nucharee short term debt coming due, which they cannot afford to repay in time, and with no guarantee that she extends it.Best keep some cash on hand in case of CR (if no loan).
Ann: Full Year Statutory Accounts, page-10
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