The announcement looks a bit strange.
They count the $7.9 million gain from the debt restructure as revenue.
How this flows through onto the bottom line I am not sure.
They also include a write down of 2.5 million.
If I deduct the 7.9 million and add back the 2.5 million
I have an underlying result of around $2million profit but as I said I'm not sure how the 7.9 flows through to the bottom line.
I actually like the company but not sure what to do now.
Ann: Earnings Upgrade, page-6
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