PCSIL contributed 28% to group revenue when the issues first arose nearly 3 years ago back in 2021. Growth restrictions have been in place since then so the revenue share from PCSIL has been dropping for 3 years and its not "a third" as you suggest.
The reality is that CBI made it impossible for the business to remain sustainable and even in such high interest rate environment, the pcsil division was burning $20m a year.
EML can now finally focus on growing its profitable lines instead of getting caught up with remediation and regulatory issues.
Ann: Change in substantial holding from MUFG, page-13
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75.5¢ |
Change
-0.015(1.95%) |
Mkt cap ! $285.1M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.0¢ | 75.3¢ | $275.0K | 361.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 63472 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 21532 | 16 |
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| EML (ASX) Chart |