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Old 14th May 2015, 13:52
  #1316 (permalink)  
asdf1234
 
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EBITDA vs Profit

EBITDA is not a profit measure, it is used to compare different company results on a like for like basis. The report and accounts clearly state that the aviation division made a loss not a profit. The costs are almost all in SEN and not CAX so it is SEN that is the overall loss maker. As for the internal rent, apply that amount to the £100m+ that Stobart invested in the airport and you will see why the payback period on that investment is still in excess of 100 years.

As I stated previously, the loss in the period is less than the previous period's loss, however it is still a loss. You cannot interpret the accounts in any other way.
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