Post by
nozzpack on Jun 12, 2023 9:11am
RET Management Confident of Future Profitability
The income tax recovery of $31.7 million for the fourth quarter of 2023 is mainly comprised of the recognition of previously unrecognized deferred tax assets on all temporary differences and operating losses carried forward relating to its Canadian operations.
As at January 28, 2023, management’s assessment is that the Company has the ability to generate future profitable operations and that it is probable that future taxable profits will be available to utilize the tax benefits.