Good financials from EI - looks like it might make it (though I note is still seems to be eating into reserves)
Hi there,
Where do you make this assumption from? Gross cash has increased by 21.9% or by €181.5 million during H1, 2010.
While a significant amount of this uplift in Gross Cash is related to foreign exchange and the financing of additional aircraft units, the cash bleed has undoubtedly ceased. In fact, the company's ''real'' deposit base has actually improved. At present, only €59.5 million of the aforementioned Gross Cash figure is restricted.
Interest on the deposit base is down significantly HY on HY, due to the dirt rubbish interest rates on Deposits at the moment, on which further ''DIRT'' has to be paid of course!
EI Premier