Gross profit being up is a good thing I think.
Can anyone explain what is meant by "Fair value (gain) on financial liabilities measured at fair value" ? This amount inflates the bottom line by $6.3 million.
There is also that pesky (capitalised interest) of about $1 million that also inflates the bottom line by that much.
The cash flow statement does provide more clarity. Operating activities of minus $1.3 million. To be fair, receivables are up by $3 million and payables only by half a mill.
Might have to do some more in-depth research.