ignore the Finance Cost - the actual underlying operating exp was $10m.
The revenue received in 1H20 was around $5.5m - there is another $9.5m estimated income for 2H20. Assuming the growth is similar, then the revenue for 1H21 will be $20m.
In 20/21 financial year, with the estimated revenue of $30m, even we increase the operating exp to $15m due to higher expenditure for growth expansion - there is still a $15m net profit.
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VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
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