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clock Created with Sketch. 23/02/22
17:54
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Originally posted by MovingAverage:
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Let's scratch beneath the surface to look into the quality of their results. All may not be what it seemsNorth America Mediocre results at best. Australia What can I say here, but another complete embarrassment of a result. AGI's Australian business has been on a continual slide south since their 2013/2014 heyday. AGI now has a long term demonstrated track record of being incapable of improving their market share and it is a massive carbuncle on the group that is in desperate need of lancing. If the new CEO makes one smart decision this year it will be to shut the Australian business down before it drags all their other units down the s-bend.Latin America Online Their online business continues to underperform and is a bit of a joke too. While most of AGI peers continue to grow online revenues (which certainly experienced a kicker during the last two years). I can only assume that the good folks at AGI are embarrassed by their online business as they lump it into the ROW category and only report top line revenue. Come on AGI, why aren't you telling us the full picture and reporting online profit instead of just throwing it in with the ROW segment profit? Any chance you're trying to hide the fact that your online business runs at a loss?
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ah wow @MovingAverage . definitely don't sound impressed haha. come on you have to admit it's a good turn around. it's not aristocrat numbers and probably never will be. but still it's not bad.
