TRF 0.00% 1.9¢ trafford resources limited

made a profit, but how?

  1. 480 Posts.
    According to Page 18 of the 6 monthly financial report, it states (along the lines of since copy and paste didn't work, so I retyped it):

    "The group incurred a profit for the period of $1,327,584 (2012: Loss of $6M) and net cash outflows from operating activies of $2.4M. The profit this year was the result of a reversal of impairment of $3,890,548."

    It first appeared on page 13, and is what allowed for a 1.15 eps.


    Can anyone explain this to me?
 
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