not sure where you see a profit of 22 mio? Actually the financial report in my opinion is very bad.
- Mothae not profitable anymore - EBITDA for SML slightly below previous year (in USD) - EBITDA for the whole company reduced by one third - loss after taxes of 14 mio. after 3 mio. profit in last year (ok, 10 mio. are non-cash impairment on Mothae, whatever this exactly means) - announcement of possibie use of refinancing options
only good point - but this is in deed very good - in my opinion is the significant reduction of debts from 19 mio USD to 6 mio. USD
LOM Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
