The return of franking credits hopefully isn't too far away.At...

The return of franking credits hopefully isn't too far away.

At 30 June 2021, LAU had recognised a deferred tax asset on tax losses of $6.111m. At a 30% tax rate, the equates to gross tax losses of $20.37m.
In the 6 months to 31 December 2021, LAU earned a net profit before tax of $17.5m. While there will be some differences between accounting profit and taxable profit, my assumption is that all tax losses should be used by 30 June 2022 and therefore LAU will move back into a tax paying position, thereby generating franking credits. So maybe the FY22 final dividend will have partial franking credit attached, but either way its likely that by the FY23 interim dividend we should see the return of franking credits. See snips below: