Not profitable. Last time I heard it was operating cashflow positive. Big difference.
On different note, does anyone know what they are securitising? If it is whatever asset they have left, then that seems like a sign to worse to come. If it is debt/receivables, then it makes me wonder if their warehouse facility usage has increased but their repayment has gone down (more bad debt or late repayment?). If they are securitising the receivables, then question will be how much return investors will seek from unsecured loans (if they were interested at all)?
Just my opinion, DYOR. I can be wrong, correct me instead of getting into a petty fight.
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