Faxanadu 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. |
I am actually surprised that they sold at a profit.
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