Originally Posted by
LTNman
As for the loses sitting at £27.7m, that’s small change. The owners of Luton Airport just announced loses of £232m. Well the auditors did, the owners are keeping quiet.
'Profit' and 'Loss' are potentially a bit misleading. They include things like depreciation and changes in property value. Earnings is the figure to look for, and it seems like the business as a whole is Earnings Positive (but not the Aviation Division).
As I understand it, the "material risk" relates to uncertainty over the disposal of the Biomass Division. Once sold, Esken's cash position is much healthier, but there is no certainty over the timing....