Ann: Chairman & CEO's Address to Shareholders, page-2

Tessa attended the virtual meeting. Further encouraged. Outlook is for underlying 500-600K profit current half. Continued growth in rentals also foreshadowed. My impression is that a consistent profit of $1-2M has arrived. This will comfortably support the 1 cent per annum dividend (cost 400K) and suggests the share price should be at least somewhat higher. Only negative seems to be that covid has slowed down international expansion, but this hasn't been lost sight of. One feels that effort will resume and perhaps drive profits another leg higher a few years down the track. Company seems in good shape. Looks solid, and profits are growing.