Posted by Riaz1954 > 2023-02-24 14:44 | Report Abuse

I personally think the results are not too bad, cash is being generated and operating conditions are working, the non cash flow items such impairments and depreciation are accounting related. The fact is Revenue is rising, hopefully one off times that have impacted the bottom line will go. 1st Qtr will be interesting to see if impairments and depreciation remain elevated …there must come a time when depreciation peaks and trends lower. As to impairments they are specific business related write down of value and they can easily go up again. There will be upward surprises in 2023 for sure …..wait and see.