Oh, I thought you meant the business wasn't profitable. The cash at bank was affected by exchange rates, as they generate income mainly in USD but report in AUD. Effect of movement in exchange rates on cash held -$1.3m.
I don't think it is reasonable to count forex changes as a making or losing money in the business, it could easily swing the other way next quarter and that wouldn't be evidence of an improved business. If they had no money in the bank they would have not suffered the reduction, but that wouldn't make them a better business!
The profit for the quarter was a touch over $2m.
Oh, I thought you meant the business wasn't profitable. The cash...
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