NPAT for first half of year (5 out of these 6 months were on CDDS)was 4million dollars refer to half year report
NPAT for full year was 6.4 million dollars
Full year profit-1st half profit = 2nd half profit or "The post CDDS profit"
6.4-4 = 2.4 million dollars
1.6/4x100= 40% fall in profit post CDDS
The dental industry average according to the MD was 20% exposure to the CDDS
1300 Smiles exposure despite Dental Member Plan was approx 40%
Second half profit down 40% on first half profit!
And yet someone still bought 40000 shares at about 6.40 a share???????????
Guess they will be ploughing on in the workforce for a few years longer!
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