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Ann: DEM Investor Presentation, page-26

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    lightbulb Created with Sketch. 265
    Operating profits from the preso is Gross profit + other income in the accounts. Not NPAT which is a loss.

    I do think they are being liberal in saying operating profit is gross profit as it should be EBITDA or EBIT instead. All that admin cost is needed to run the business too.
 
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