I'm not 100% sure how these accounting works, and I also generally ignore the Net Income cuz it has many non-cash charges/profits.
Another holding I have is MGX, an iron ore mining company on ASX. At year end, their iron ore inventory & reserves are evaluated based on the current market price. If the ore price is weak, then their Net income also takes a hit because their ore lost value. Sort of similar to ATP.
ATP Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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