No - The SFG Group have reported losing money for the reasons I noted - but lets not let the facts get in the way of a good sledge........
Operational revenues last year were approx $35m with a COGS of approx $26.5m.
The PSD development work involves many of the same management as look after existing operations and the corporate, financing etc is all consolidated so it is not clear from the published reports what the net profit from Cardwell is. The above statement is quite clear to me tho...
Ann: SFG AAM Legune Completion and App 3B, page-62
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