ecorp announce profit, page-5

  1. 1,927 Posts.
    "Of this $1.4 million, $3.2 million was interest on the proceeds of the sale of Ebay. Without this interest ECP would have recorded a loss which implies that its other businesses are noting making a profit."

    jon1: do you know accounting? Ebay proceeds is still an assets. Dumb directors (or under KPs instructions) they just left it in bank earning interests. Enthusiasts will invest and realise more money. Therefore this income of $3.2 is expected every year.
    You say other businesses are nothing; then why PBL is interested? You know PBL prices shot up today? easy money?
    Aflatoon
 
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