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Kerry Ltd owns 70% of James Ltd. For the year ended 30 April 20X1, James Ltd reported a profit of $1 million. On 30 May

Kerry Ltd owns 70% of James Ltd. For the year ended 30 April 20X1, James Ltd reported a profit of $1 million. On 30 May 20X0, Kerry Ltd sold inventory to James Ltd for a $0.5 million profit. All this inventory was sold to customers outside the group on 1 June 20X0. What is the NCI share of James Ltd's profit for year ended 30 April 20X1 ?

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