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Ann: Half Yearly Report and Accounts, page-19

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Mturns

54 Posts.

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24/02/23

10:07

Post #: 66439318
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Originally posted by Stephan90: ↑

quote: "The income tax expense of US$93.8 million (31 December 2021: US$23.8 million) resulting in an effective tax rate of 45% which is higher than the country rate of 35%. The differential in rate is due to the impact of foreign exchange and effects of hyperinflation." (Half Yearly Report and Accounts, page 11)

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Thanks for that! Surely you would have to think that hyperinflation would reduce the effective tax??

AKE Price at posting: $11.35 Sentiment: Hold Disclosure: Held
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