Sequoia, Eko and co.,
Results are poor. Especially when you look at EBITDA.
why?
As at fy 20 q1 , ebitda was $1.2m.
Now from 4c narrative if you separate India revenue , EBITDA is about $300k. ($3m turnaround on $2.7m loss in fy19 h1. )
means ebitda in q2 fy20 is loss of $900k.
Not a good result.
Ann: Appendix 4C - quarterly, page-22
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