Viento - 2011 NPBT $1.31M (2010 $0.0M) before tax EcoQuest - 2011 NPBT -$2.6M (2010 -$2.2M) Capilano - 2011 NPBT $3.7M (2010 -$4.9M) Farm Pride - 2011 NPBT -$472K (2010 -$684K, before goodwill impairment) Peanut Company of Australia - Sep 2011 HY NPBT -$544K (FY Mar 2011 -$3.0M, continuing operations)
Why did they include before tax profit figures? Tax is included in income statements and usually has a somewhat material effect on balance sheets due to the cash outflow / cost incurring. 2 / 5 companies are currently profitable. But I can see that the controlling stakes they have will be to Mariner's benefit once these companies become profitable.
MCX Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held