Hmmmmm.......

Operating profit is EBITDA i.e. before interest, tax, depreciation and amortisation.

In other words.....by the time we've paid the interest on the oodles of debt, there'll be naff all left. And then you've got to account for repayments on the debt prinicipal and distributions to shareholders before you get to any retained income.

In conclusion, we're skint no matter what that table says.

Posted By: Johnny Comecardiff on May 29th 2008 at 11:18:15

Message Thread

Norwich in profit (NCFC) - Firstnews, May 29, 10:59:13
- it doesn't like that page for some reason, I get the comments but not the article... (NCFC) - jAC, May 29, 11:00:44
  - no its a table (NCFC) - Firstnews, May 29, 11:04:14
    - that would be taken from last July I believe? (NCFC) - jAC, May 29, 11:06:18
      - It's nonsense (NCFC) - Mr Creosote, May 29, 11:08:51
        
        Actually, it probably is. (NCFC) - Johnny Comecardiff, May 29, 11:20:11
        
        Are you sure? (NCFC) - Mr Creosote, May 29, 11:22:54
        
        I'm not sure...... (NCFC) - Johnny Comecardiff, May 29, 11:28:50
        
        It has come from an auditing company so it is true. (n/m) (NCFC) - Yellow Ice, May 29, 11:13:25
        
        Hmmmmm....... (NCFC) - Johnny Comecardiff, May 29, 11:18:15
        
        lol @ naff all - I feel like its 1988 (n/m) (NCFC) - DiscoDaleGordon, May 29, 11:52:11
        
        Norman Stanley Fletcher.... (n/m) (NCFC) - Johnny Comecardiff, May 29, 11:56:06
        
        Naff off Godber. (n/m) (NCFC) - Arizona Bay, May 29, 12:01:37

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