MOZ 6.25% 7.5¢ mosaic brands limited

Ann: MOZ - FY20 Results Release, page-11

  1. 440 Posts.
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    I wonder what the 40% increase in online sales in July means for them?

    They reported roughly 100mln in online sales. With their 40% increase in H2 they have 60mln compare to 40mln in H1. Assuming the trend continues online sales for the the next year 120mln, roughly 1/5 part in the total revenue and just to offset amortization costs. Not helping much to be profitable unfortunately. I guess cloth selling businesses are among the hardest hit by Covid..

    Disclaimer: i have this stock in my watchlist, was looking to hold it, not this time though..

    Last edited by INVESTOR2020A: 25/08/20
 
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