A2M 0.18% $5.63 the a2 milk company limited

noted there is no one discuss about the RESERVE increased in...

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    noted there is no one discuss about the RESERVE increased in Balance Sheet (item D 6).

    $120m increased - main contributor is Synlait.
    If Synlait grow to 14 ~15, there is another increase of $150m paper profit added to the Balance Sheet bottomline.

    The $120m paper profit was not accounted in EBITDA, NPAT or anyway of the report.

    The presentation also not include the subsequent event - distribution contract signed a week ago with China State Farm.
 
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