Yes. ZGL has always had sizeable depreciation charges. $5-6m, but it has been consistently EBITDA +ve. This is why it can stand several years of "losses" without raising a penny from the market. ---------- I must correct segment performance. The figures I mentioned are segment"s EBIT not EBITDA. Depreciation is charged at segment level as stand alone businesses, then interest , tax & ZGL corporate overheads are charged.
ZGL Price at posting:
7.0¢ Sentiment: None Disclosure: Held
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