NPAT higher due to revaluation of biological asset due to higher prices $52, almost doubled the value of that, not many more seeded oyster than the year before but quite a few more unseeded, so production doesn't explain much of the uplift.
Key for future profitability and possible revaluation down of biological asset is how does $52 per pearl compare to 15,518 yen per momme to more recent pricing for fair value of biological asset?
ATP Price at posting:
11.0¢ Sentiment: Hold Disclosure: Not Held
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