Underlying net profit after tax of $3.6 million, with statutory net loss after tax of $24.1 million (H12021: loss of $219.8 million), including adjustment for non-cash foreign exchange revaluations of$23.3 million and historical tax asset write-off of $4.5 million. company is moving in a right direction addressing it’s noncore asset’s cost . Balance sheet looks healthy, everything looks very promising going forward as lot of investment coming from big guys like baker steel increasing its holdings from 5% to 6.4% which is clear indication that companies performance is improving. it’s cutting its unprofitable and unproductive assets, which will result in Balance sheet. It’s been very challenging past few years for all the shareholders, it’s time to get better and be resolute. cheers!!
RSG Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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