WOR reported inline NPAT, helped by a $12M gain from FX contracts. This is the first such gain in 3 years. It is unclear why this has occurred. Bottom-line is we do not think such earnings should be regarded as recurring."
Tremoni,
WOR reported a 29% increase in Net Profit. 29% = an extra 57.8 million dollars.
The 12 million dollars that you refer to is only a small part of the extra 57.8 million in additional profits so even if the 12 million amount is a once off anomaly WOR still made an additional 45.8 million(a great result).
I think that people might need to think about what dribble they might be reading first from news articles that are inaccurate.
WOR reported inline NPAT, helped by a $12M gain from FX...
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$14.07 |
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| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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