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Simply Wall St

Investors Shouldn't Be Too Comfortable With NIOX Group's (LON:NIOX) Earnings

Simply Wall St
Summary
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81% Informative

NIOX Group Plc received a tax benefit of UK5.4m in its most recent earnings report.

This kind of benefits only impact in the year they are booked, and are often one -off in nature.

Given that sort of benefit is not recurring, it's safe to say the statutory profit overstates its underlying profitability.