The half-year result included a large impairment: see below from...

The half-year result included a large impairment: see below from HY report. As a shareholder, I'd prefer to look at underlying profit !

"Iluka recorded a loss after tax of $82 million for H1 2017, due largely to the $106 million post tax ($151 million pre-tax) impairment of the Hamilton mineral separation plant (MSP), which will be placed on care and maintenance from October 2017. Going forward, the Narngulu MSP is considered sufficient for processing all expected Australian heavy mineral concentrate production. Underlying EBITDA, which removes the impact of this impairment charge, significantly increased to $155 million (H1 2016: $63 million)."