Kiwis spending $12m takes PHK well into profit. THey were forecasting cash flow breakeven in the next quarter, and the Kiwis weren't included. A sale of $12m is about 6000 tonnes, which is one year's production. It takes time to apply so it will probably be done over two years, logistics and all that. So that one deal underwrites profit for two years at least.
Kiwis spending $12m takes PHK well into profit. THey were...
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