Some ok figures but not much cash left. Looks like they made a...

Some ok figures but not much cash left.
Looks like they made a profit but paying back all these loans will keep a lid on any real increase to the bottom line.
I'm no financial guru but that's how I interpret the reports.

Clearly we are too reliant on the cement industry which is struggling to make a profit from what I read.
I can see why they are looking outside of Tanzania to spread the risk but gee... it would be like treating on egg shells with that Tanzanian president.

If IEC received another $9.8Mil in receipts next Q and estimated outgoings are $6.3Mil, there should be a nice profit.
I'm sure there's some things I've missed there though like debt repayment on loans etc?

Could be why there's buying today.
(Wish I was more accountant savy )