A 200 PER by itself is relatively meaningless. That is just accounting alchemy. A company can undertake a write down to lower their taxable income to zero, yet still produce strong cashflow. Pretax profit for SGR this FY should be up towards $200 million before one off costs. Obviously with fines and extra compliance that will go to near 0.
A 200 PER by itself is relatively meaningless. That is just...
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