Nice uplift in EBITDA margins!
At a first glance, looks like RDF may have returned to profitability already (IH19 EBITDA $9M, D/A ~$8M, Interest ~$0.5M to give a NOPAT of $0 to $1M). If this is the case, iit’ll be a fantastic result especially with the qrt on qrt improvements in contract wins.
Ann: FY2019 First Half Year Earnings Update, page-2
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