RE: Ceanothus30 Sep 2015 11:51
To confuse you further, they normally like to talk about plant EBITDA because it's a more positive figure, not including costs of running the company/planning new ventures etc. The $0.8m is company EBITDA.
The Forex loss not a one off but it is essentially random. It was a $3.3m loss in the previous 6 months and a $2m gain this time last year.
As to making money, it depends on your definitions. Profit would be the usual one - they made a $6m loss. You might be prepared to overlook depreciation and amortisation but as a shareholder interest (and tax if they paid any) are very much your business.
But cash is very very important. H1 had a cash inflow from operations which all went to pay interest. With the zinc price (and hence income) collapsing so far in H2, plant shutdowns for maintenance and heat exchanger stuff you've got to ask yourself how long the $4.4m they just raised will last. And how they'll get any more.