The business in Australia is maturing. They already acquired the customers. Why is there still a huge loss in Australia? Bad debts. That's why I referred to note 2. It shows the breakdown.
Granted that is reporting on the past but every quarterly update showed worse and worse numbers and the next annual will be worse than the last.
The answer to the question of how does the business continue to improve in share price is in the bad debt numbers.
Chart - Z1P, page-3025
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