Ann: Change in substantial holding from IFL, page-50

Longt
Perennial purchased around 1.5m shares in April at 18.5c average
Perennial purchased 6m shares in May at over 22c average
Perennial sold 6m shares in June:
3/6/14 sold at 18.5c average
4/6/14 sold at 17.7c average
11/6/14 sold at 20.4c average
12/6/14 sold at 20.9c average
17/6/14 sold at average 21.2c
18/6/14 4m sold at average 20.9c (all these figures are listed in announcements)

Longt, How is this making a profit.
They are clearly selling on average at a loss
DYOR