TOX tox free solutions limited

still the cheapest stock on asx. pe ratio of 3!, page-6

  1. 5,874 Posts.
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    Have they sold the automated cleaning business as yet? Arent they meant to reap about $700k from the sale.

    I ask that becasue net profit for th first six months of the year was about $700k more than they anticipated. Now was this because they wrote off the value of this business to zero at the end of last year and simply realised the proceeds from the business as profit this year. They said they wrote off underperforming assets so was this one of them.

    I just want clarification about this.

    Thanks
 
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