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Old 21st Dec 2001, 13:02
  #61 (permalink)  
Flat Side Up
 
Join Date: Mar 1999
Location: Australia
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Looks good, doesn't it? Buster.
But the fact is that it came from asset sales.

For instance the sale of Hayman Island and Hamilton Island Airport for $95 million and some other bits and pieces as I remember. So it is easy thus to "show a profit"

Mind you there is a vast difference between COST and VALUE. Abeles SPENT $300 plus million on it which was supported by debt which could never be justified by the potential earnings and that was a decade BEFORE it was sold for it's real VALUE.
Wonder where the excess millions got filtered off to when it was built.

As for Rod he may at last have met a well deserved Waterloo.
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