"s the so-called "profit" listed in the report simply due to a revaluation of AGY's interest in Puna's assets (plant/equipment etc), or is it related to actual income (profit) of the JV entity?"
my understanding is both, any profits or loss / assets increase or decrease in value will count as P&L then add or deduct from the previous closing balance of the JV.
Ann: Half Year Accounts, page-8
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