I wouldn't be to excited by these results.
Appears they realized a $17m fair value gain on Synlait investment (Paper gain), $11m in interest income & $15m in cashflow hedges all non-recurring.
Not sure what this interest income is from exactly? But backing these 2 items out they are pretty much in-line with FY21 on 20% more sales.
Marketing spend has gone up 46%.
I don't really follow this business anymore but appears some accounting magic has gone into the P&L.
Ann: 1H23 Results Presentation, page-6
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