like you said.. they made a NPBT loss of 10m and NPAT loss of 5m.
Obviously interest has a part to play - but what i am saying is that its not an astronomical surge in interest expense thats caused a NPBT loss of 10m. It's the top line that got a hammering (as you can see from the 3 profit downgrades leading up to the results).
Had the IT meltdown not happened and franchises rolling out as expected - the NPBT and NPAT would have been very healthy.
I think were going in circles saying the same thing - but i dont want you to think that CDR are incapable of making a bottom line NPBT and NPAT profit with their current stream of revenue for FY08.
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
