debut: 8/9/14
17,678 runs
In reply to Besar
In their corporate "cost accounting" methodology, a "loss" doesn't mean they are losing money, or in layman term, their expenditure is greater than their revenue.
No, in cost accounting, they say for example, every $1mil spend should give us a return of 10%, and if the actual return in investment is say, 8%, they they will call that a loss in their revenue model.
If CPL claims they are yet to make a profit, then they should open up their book so independent analysts can review it. There are lots of complex areas and I suspect they are taking a defensive view.