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.
SLR Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held