They are doing a lot more than when II first started pushing the barrow. Most regions are profitable with relatively big recent turnarounds and their investment case has played out very well. What they didn't take into account was the currency risk. The local risks are pretty well spread with so many regions. Even with the recent sp jump the Pakistan arm is effectively still being priced for failure. The main issue remains ongoing currency risk that critically revolves around US and Australian exchange rates.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-43
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