99L 99 loyalty limited.

Ann: 99 Wuxian delivers significant revenue and profit growth, page-36

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    The other thing in the financials is as follows:

    Admin Costs 2013 A$3.1m 2014 A$9.7m

    As a % of net revenue (35%) As a % of gross profit (68%)

    Do we assume "Admin" is a loose word for salaries and staff costs?? It is in ASX quarterly reporting. That's a whopping rise and out of whack with the rise in Net Rev and Gross Profit
 
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