The profit is all a below the line tax adjustment of $3.2m. The business actually made an operating loss, not profit. The acquisitions added Revenue of approx. $40m when compared to PCP - NGage ($25m) and Correct Comms ($15m)....so organic went backwards badly. Net current working capital position is negative, from positive last year. Not sure how they will pay the deferred vendor payments?
CNW Price at posting:
1.9¢ Sentiment: Sell Disclosure: Not Held
