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[sharechat] Alliance group profit

From:	Marilyn Munroe <who.c@res.co.nz>
Date:	Sat, 09 Jun 2001 15:28:27 +1200

As reported in The Press

**Alliance Group unaudited interim result for the 6mths ended 31/03**
	2001	2001	Change
	$000	$000	%
Revenue	557,456	403,354	+38
Pre tax profit	25,315	10,098	+151
Tax	7,530	343	.
A/Tax profit	17,785	9,755	+82
Minorities	428	280	.
Equity earnings	913	726	.
Profit	18,270	10,201	+79
Non recurring	.	7,900	.
Adj. profit	18,270	2,301	+694

Cash flow
Operations	(116,504)	(79,908)	-46
Investments	(14,424)	(11,805)	.
Financing	112,166	78,851	.
.	(18,762)	(12,862)	.

My concern is that while the increase in profit is excellent, there is an increase in operating cash flow deficit, which is almost matched by cash flow from financing.

While I appreciate that meat companies cash flow can be lumpy, if the cash flow trend of the past two 6 month periods does not improve, I fear trouble ahead.

Any comments from sharechaters?

boop-boop-de-do Marilyn

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