Clarkson interim results7 Aug 2023 11:23
At first sight I thought that this was a decent set of results. But for most sets of results I like to take a look at the Cash Flow Statement, and this seems to be showing some things that are surprising, and perhaps concerning. If I am reading this right then first of all there was a net cash outflow from operations (even before we get to investing activities) over the last 6 months. In addition it appears that in the absence of the reversal of a large bonus accrual then the company would not even have made a profit. Am I missing something?