The 87.19c earnings per share is meaningless. If you consider that Rand is consolidated into the TBR accounts and had earnings per share of negative 2.55c the number is totally misleading.
Two companies with the exact same business.
RND with 25% of the cake made negative 2.55c per share.
TBR with the other 75% of the cake made positive 88.19c per share......Plus the TBR result consolidates the entire RND Loss!
The accounts are meaningless.
With different portions of the same business the performance in the accounts should show similar results......Or so you would think.
At least there should be sufficient information to allow some sort of comparison. For that you need to know ozs held in inventory.
.......and the sale of Melville Parade Pty Ltd, what a load of nonsense that is. It's the company offices - how can it be non-core. My guess is that rent is going to become quite expensive over the next year or two.Yet another income stream from TBR/RND to Billis related companies.
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