I don't think that is correct. Not all is Sarawak smelting profit. You can't just gross up the 60mm US$ from 75% to 100%. And obvioulsy they will need to take debt onboard to pay for it as well (best case scenario).
I am more intriged about the big deferred income tax expense for Sarawak whereas they should have a tax ruling.
Ann: MEDIA RELEASE H1 2022 NPAT USD60 Million UP 231%, page-11
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