PLUS explains how profits are distributed

WE refer to the letter, “Toll operators enjoying good profits” (The Star, April 14).

The simplistic arguments put forth by the writer do not reflect the true picture as profit does not translate directly into cash generation. Firstly, the profit after tax of RM1.185bil includes non-cash element for toll compensation of RM0.6bil. Secondly, there are other cash flow items which are not accounted for in the income statement, which include payment of capital expenditure and repayment of loan principal.