Originally Posted by
Abrahn
NATS Holdings profit before tax:
2013 £215m
2014 £240m
2015 £252m
2016 £137m
2017 £136m
2018 £132m
2019 £ 98m
2020 £ 25m
2021 £-38m
2022 £ 8m
2023 £148m
As I've previously stated the whole World of NATS Finance remains a mystery to me but shouldn't you use the profit after tax as a meaningful measure of what might be available to invest? In fact isn't the amount paid out in dividends the only real indicator of cash lost to investment as any other "profit" is effectively retained within the business?