That carried over $166m loss will be handy in the distant future. Can it be used to offset grants treated as income? I’m no US tax expert. Will probably grow larger before improving if they can execute what’s planned. Plenty of details in the report on growth plans. Traders don’t like it but to each their own strategy. I like the JV partnership model, not all our eggs in one basket. MENA strategy will be one to watch long term. Plenty of Korean companies also mentioned. Worth a detailed read besides the highlights
Ann: Half Yearly Report and Accounts, page-13
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