CTP 1.96% 5.2¢ central petroleum limited

Gasoroil With respect, CTP did not report a profit of $7.5 m for...

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    Gasoroil

    With respect, CTP did not report a profit of $7.5 m for the past quarter. I am afraid you are either being misled by someone or do not understand the finances of the business if you believe that.

    Cash receipts for the quarter were $8.5m and net cash flow before debt repayment was about $1.6m. An improvement on prior numbers, but a long way short of a profit. Indeed, profits were not even reported in the quarterly, as is customary. The word is not even in the document!!

    The half-yearly result to December 2017 reported a loss of $3.9m, again a long way short of your figures.

    AL
 
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