good news ???, page-4

Great result. Operating cash flows were just over $4 million dollars! Profit before tax was $3.7 million!

The tax appears high at ($2.58) million based on the profit of $3.7 million (69.7% effective rate). The tax dragged down the good result. Hopefully some of the FY09 losses can be used to bring down this tax expense? You only pay tax when you are making money I suppose, which is a positive.

Overall a great result considering there were no hand dryer sales in the result!