Nightmarez3k You write: “It [AGO?] made over $100M last year.” I...

Nightmarez3k

You write: “It [AGO?] made over $100M last year.”

I am a bit puzzled as to what year or what measure of profit this refers to.

The AGO FY2017 net profit was reported as $48m, on which they paid zero tax.
The company itself reported that the underlying profit was $31m, again with zero tax.

For the recent FY2018 1H, AGO report a net loss of ($21m) and an underlying loss of ($19m).

Bad dream perhaps? Or am I missing something?

cheers