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Huge profit increase if you exclude depreciation (non cash expense)

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    I see a few comments saying profit went backwards but this was due to one off depreciation items in the income statement.
    Depreciation is a non cash expense and is often extrapolated when assessing the health of the underlying business.

    Therefore if you exclude that, you get a very different picture. 6.2m profit


    https://hotcopper.com.au/data/attachments/4203/4203879-571a1956352feae4b22f8b87e53a371c.jpg
    Last edited by spoked: 25/03/22
 
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