India is essentially a once off project.
the core ongoing business had a negative ebitda of $900k in q2.
India will hopefully give us much more revenue and cash (with about a 4 month lag) but after about 12 months its finished.
we need to see the underlying long term business have growing profitability.
so in my view, given the loss in q2 (ex india) I think the result was disappointing.
Ann: Appendix 4C - quarterly, page-24
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