SLR 0.00% $1.57 silver lake resources limited

Ann: Appendix 4E and Annual Financial Accounts , page-4

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  1. 12,639 Posts.
    re: Ann: Appendix 4E and Annual Financial Acc... >Note 1 - The Group reported an after tax profit of $31.175 million in the previous reporting period. In the current period,
    the Group reported a loss after tax of $319.288 million after recording impairments of $351.596 million on inventories and
    other non-current assets and incurring $15.448 million of business combination expenses. A percentage decrease in profit
    after tax is therefore not considered meaningful.

    This is what I expected.

    The group loss AFTER writedowns (impairments) are 319.288 million.

    That actually implies a NPAT of 32.30 million for the year which wasn't bad at all considering the huge drop on price of gold.

    This current financial year will be a beauty if the price of gold rises back up to all time highs.



 
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