Ann: Trading Update, page-2

big drop of Core NP from $25m for full yr to 6/18, down to $6-$8m for half yr to Dec 2018.
so if one just doubles Dec half comes in at $12m - $16m for full yr to June 2019.

note PRT paid $15m upfront payment to Seven as part of the new Affiliation agreement.
I wonder what the ongoing fees are??

am wondering if that $15m payment is a one-off???
how would we know??
PRT never discloses anything they can get away with not disclosing.

am wondering if drop in Core Profit to Dec 2018 is after writing off some of that $15m payment?? that would explain the poor result.

I would have thought that the fact that PRT had to make such big upfront payments was a Material matter, and should have been disclosed to ASX under Continuous Disclosure rules??
It is material, because it doubled PRT's debt.