4. 4. Plaid Cymru Debate: Tata Steel

Part of the debate – in the Senedd at 3:13 pm on 18 January 2017.

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Photo of David Rees David Rees Labour 3:13, 18 January 2017

I thank the Member for giving way. Just for clarification purposes, the EBITDA actually is not gross profits—it’s operational costs profits, in the sense that it’s the net profits plus the interest, plus the taxation, plus the depreciation, plus amortisation. So, it’s not actually gross profit, is it?