Somini on 17 April 2014
| kowenicki said: Hmmm. Basic lack of accounting understanding here. Just $47m of that is profit. Over $100m of it is the return of their OWN original investment. So the profit gain that will show on the accounts next FY is $47m dollars. The rest is a balance sheet swap of an investment to cash. $47m is a welcome windfall, but kinda tiny in the grand scheme of things for a company of this size. |
47M in the plus is not bad news when your company is bleeding money. It's steps like this that will make them post big profits in a couple of years. It's the plan at least.
