Effectively a NPAT of $2.5m from continuing operations discounting the tax credit arising from the gain on bargain. Net Profit of ~20% of revenue. Pretty impressive result for only 9 months operation and only 8 of 12 rigs deployed.
In the financial commentary, James is very bullish on the prospects for FY21 and expects a material improvement from here.
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- Ann: Appendix 4E and Financial report
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