In the announcement today NPAT rose from -$3.5 million to $3.9 million.
That's $7.4 million.
The only expense that could magically change would be the Dubai impairment which sat at about $10.9 million.
Therefore, can we assume that the impairment has decreased to $3.5 million? Now, no notice on whether these are actuals or a better worst case scenario and revised impairment. An actual 3.5 million impairment is disappointing, but still removes a great deal of risk, and the need for more funds by another raising.
In the announcement today NPAT rose from -$3.5 million to $3.9...
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