Very positive operational results.
Very annoying the continuous reference to just EBITDA. EBITDA isn't profit or cash flow. Yes, it is a Quarterly but, for shareholders NPAT is the bottom line. Even profit before tax would be useful. The ITDA element: Interest, Depreciation and Amortisation are known numbers to the company. So report NPAT or PBT please. The only reason it is not done is to present to shareholders a number that makes results seem better than they are. Is there any other reason.
Note, this is not a criticism of their operation, strategy or results in any way but, of their 'marketing' presentation of information.
Ann: Quarterly Activities Report, page-11
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