Woah!! Where does a $55 Million NPAT come from?? The MRM...

Woah!! Where does a $55 Million NPAT come from??

The MRM November 10 2015 Trading Update said that EBITDA for the 2015-16 Year would be in the range $75 to $85 Million; say $40 Million for the Half; depreciation of $70 Million (same as pcp) and interest of (say) $15 Million. That is a pre-tax loss of $45 Million.

The Trading Update also said ... "but with a low level of visibility of demand for the second half of the financial year." ... and the oil price is down a further 25% since November!!