The CEO informed the Committee that the company that made an offer to buy a stake of DSA could not satisfy the conditions and the deal could not go through. 3.1.1 Financial performance The Committee was informed that Denel continued to show progress towards self sustainability. The entity made a profit of R111 million, and generated positive cash of R178 million, an improvement of R522 million from R344 million in 2010. The Defence, Security and Certification clusters generated earnings before interest and tax of R130 million and cash of R278 million. Furthermore, there were positive results as a result of the aerostructures turnaround plan, in terms of reduced operational expenditure.