"As previously announced, the 2018 annual profit after tax for...

"As previously announced, the 2018 annual profit after tax for the Company

was $13.3 million for the year (being a near $20 million turnaround from​

the 2017 reported loss of $7 million, to a profit of $13 million)."

So they can report the money from the sale of the Processing Plant and associated leases as profit and increase the net assets at the same time.
So I take it the book value of the plant and the leases had be writen down to zero, hence reported as a profit, isn't accounting and amazing thing!!

Another private cap raising for $500k, who is Pal Group Pty Ltd?


DYOR My thoughts and ramblings only