Many thanks for posting the auction results, if you can access the June auction results it would be great to compare those. I’ve processed the data.Total proceeds were US$4.71mn, equivalent to ca A$7.33mn @A1.555/US$. Total momme of pearls sold was 26750, equivalent to sales proceeds of Y25,900 per momme @Y94.5/A$. That compares to Y13126 per momme in H1 FY23, so almost double that. All other things equal, that would result in revenues increasing by A$12mn in H1, with the same increase in pre-tax profits from A$4mn to A$16mn. Pre-tax profits in AR23 were A$9.7mn. These are not forecasts, just projecting numbers based on what the auction results show.
ATP Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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