Looks like nobody has read this announcement.
"Following completion of the sale of all Viridian assests, CSR expects to realise a pre-tax loss of approximately $20-$30 million in the financial year ending 31 March 2019 (YEM19), primarily due to the disposal of Viridian-related deferred tax assets."
But if I understand others sentiment, viridian is not good to have on the books. So while this year might be 30m loss, the future there after should be better than historic?
News: CSR CSR To Sell Viridian Glass Business To Crescent Capital Partners, page-4
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