'Cash' Profit for the year was $4.1 million. The company then added back "amortisation of acquired intangibles" for $5.1 million to reach an 'NPAT' of $9.2 million. Sneaky accounting to pump the numbers?
The same accounting trick happened last year and SP has dropped from around $2.5 to $1.4, numbers not looking great overall (other then a decent dividend payout which does not look sustainable).
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