re: Ann: CBD Energy Limited 2010 Full Year Re...
Good point NTaylor, looks like they exercised a tax loss write-back on the view they will be profitable in the future...
"Diversified renewable energy company, CBD Energy Limited (ASX: CBD) has recorded a full year net profit after tax of $8.5 million for the year ended 30 June 2010. Revenue increased 163% to $44.4 million and EBITDA increased to $6.2 million. 2010 NPAT includes an abnormal write-back of prior year tax losses of $3.7 million. This is a one-off item and reflects our Auditors opinion that CBD will be profitable going forward."
CBD Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held